SMM Price Outlook for Base Metals on SHFE (May 2, 2017)

Published: May 02, 2017 09:05 (GMT+8)

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Before May Day holiday, base metals mostly ended higher except aluminum, and those metals are expected to keep diverging on Monday.

SHANGHAI, May 2 (SMM) – Before May Day holiday, base metals mostly ended higher except aluminum, and those metals are expected to keep diverging on Monday.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-2)

Product	Price Range
Copper	46,500-47,200
Aluminum	14,000-14,200
Lead	16,150-16,600
Zinc	21,650-22,000
Tin	140,000-143,000
Nickel	78,800-79,500

Unit: yuan/tonne

Source: SMM

Note: Prices all above are for most-actively traded contract on the SHFE.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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