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Home / Metal News / SMM Price Outlook for Base Metals on SHFE (May 5, 2017)

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

iconMay 5, 2017 09:09
Source: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.

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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