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

Published: May 8, 2017 09:07

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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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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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