SMM Price Outlook for Base Metals on SHFE (May 5, 2017)

Published: May 5, 2017 09:09

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The dollar weakened in overnight trading, but base metals mostly ended lower amid bearish sentiment. Struggles between longs and shorts will be intense on Friday.

SHANGHAI, May 5 (SMM) – The dollar weakened in overnight trading, but base metals mostly ended lower amid bearish sentiment. Struggles between longs and shorts will be intense on Friday.

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

Product	Price Range
Copper	44,850-45,200
Aluminum	13,800-14,000
Lead	15,800-16,300
Zinc	21,400-21,700
Tin	141,000-143,000
Nickel	75,000-76,300

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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