SMM Price Outlook for Base Metals on SHFE (May 4, 2017)

Published: May 4, 2017 09:13
Base metals mostly finished lower in overnight trading.

SHANGHAI, May 4 (SMM) – Base metals mostly finished lower in overnight trading, and prices of some metals are likely to stabilize or even rally after digesting short-term negative news, excluding those which will stay on the downward track.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-4)

Product

Price Range

Copper

45,400-45,800

Aluminum

13,850-14,100

Lead

16,000-16,400

Zinc

21,300-21,800

Tin

141,000-143,000

Nickel

77,200-78,800

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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SMM Price Outlook for Base Metals on SHFE (May 4, 2017) - Shanghai Metals Market (SMM)