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SMM Price Outlook for Base Metals on SHFE (May 3, 2017)
May 3,2017 09:09CST
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Source:SMM
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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