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SMM Price Outlook for Base Metals on SHFE (May 4, 2017)
May 4,2017 09:13CST
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Source:SMM
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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