SMM Price Outlook for Base Metals on SHFE (May 3, 2017)

Published: May 3, 2017 09:09

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The dollar weakened sharply overnight, but base metals made limitedly positive response to this, a reflection of bearish sentiment in the market.

SHANGHAI, May 3 (SMM) – The dollar weakened sharply overnight, but base metals made limitedly positive response to this, a reflection of bearish sentiment in the market.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-3)

Product	Price Range
Copper	46,600-46,950
Aluminum	13,800-14,050
Lead	16,400-16,800
Zinc	22,000-22,400
Tin	142,500-145,000
Nickel	79,000-80,500

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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