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Home / Metal News / SMM Price Outlook for Base Metals on SHFE (May 8, 2017)

SMM Price Outlook for Base Metals on SHFE (May 8, 2017)

May 8, 2017 09:07

Source:SMM

Base metals mostly finished higher last Friday’s night trading, but still met resistance at higher prices. The further rising momentum will be small, with price divergence expected among them.

SHANGHAI, May 8 (SMM) – Base metals mostly finished higher last Friday’s night trading, but still met resistance at higher prices. The further rising momentum will be small, with price divergence expected among them.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-8)

Product	Price Range
Copper	45,150-45,600
Aluminum	13,850-14,050
Lead	15,800-16,300
Zinc	21,150-21,550
Tin	140,000-142,500
Nickel	75,800-77,200

Unit: yuan/tonne

Source: SMM

Note: Prices all above are for most-actively traded contract on the SHFE.

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Jul 20, 2017 09:38

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Apr 27, 2017 09:01

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Apr. 27, 2017)

SMM Price Outlook for Base Metals on SHFE (Apr. 18, 2017)

LME market will reopen on Tuesday, and eyes should be price support at lows on Tuesday, both on the LME and SHFE market.

Apr 18, 2017 09:11

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SMM Price Outlook for Base Metals on SHFE (Apr. 18, 2017)

SMM Price Outlook for Base Metals on SHFE (Apr. 17, 2017)

LME market will remain closed on Monday for the Easter, and base metals, after staging volatile movements last Friday, are expected to keep diverging on Monday.

Apr 17, 2017 09:14

SMM Insight Industry

Key Macroeconomic Indicators for Base Metal Prices (2017-4-10)

China’s informal financing in March, M2 supply and new RMB loans in March and US March LMCI will be released today. Base metals are expected to consolidate at lows today. Some metals may plunge furthe

Apr 10, 2017 09:51

SMM Comments

Key Macroeconomic Indicators for Base Metal Prices (2017-4-10)

CME Group reports a record first-quarter Metals ADV of 512,000 contracts

CME Group has reported that March 2017 average daily volume (ADV) reached 16.9 million contracts, up 18 percent from a March 2016.

Apr 5, 2017 09:44

Industry

CME Group reports a record first-quarter Metals ADV of 512,000 contracts

SMM Weekly Price Outlook for Base Metals on LME and SHFE (Apr. 3-7, 2017)

In the coming week, SHFE will see a shorter trading week for the 2017 Chinese Qingming Festival from Apr. 2-4.

Apr 1, 2017 18:20

SMM Insight Industry

Base Metals to Diverge, SMM Says

Base metal prices on the SHFE are expected to diverge on Friday, Shanghai Metals Market foresees.

Dec 9, 2016 09:15

SMM Insight Industry

Volatility to Grow in Base Metals, SMM Says

Base metal prices on the SHFE are expected to be volatile on Thursday, Shanghai Metals Market foresees.

Dec 8, 2016 09:14

SMM Insight Industry

Base Metals to Swing in Wide Range, SMM Says

Base metal prices on the SHFE are expected to trade in a wide range this week, Shanghai Metals Market predicts.

Dec 5, 2016 09:18

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SMM Price Outlook for Base Metals on SHFE (May 8, 2017)

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