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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)

iconMay 8, 2017 09:07
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.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

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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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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