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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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Chinese customs released the import and export data on refined copper, primary aluminum, and other base metals in January 2018.

Feb 26, 2018 09:39

Analysis

Data: China's base metals import, export in Jan

SMM Price Outlook for Base Metals on SHFE (Apr. 20, 2017)

Base metals overnight largely closed higher, but the struggles between longs and shorts remain intense. On Thursday, the market expected to show range-bound trading.

Apr 20, 2017 09:07

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Apr. 20, 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

SMM Insight Industry

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

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

Key Macroeconomic Indicators for Base Metal Prices (2016-8-29)

US Fed Chair Janet Yellen voiced optimism about the economy and an expectation that interest rate hikes are ahead.

Aug 29, 2016 09:32

SMM Comments

Key Macroeconomic Indicators for Base Metal Prices (2016-8-26)

Market will eye US Fed Chairwoman’s speech, US Q2 GDP and August University of Michigan’s consumer confidence index today.

Aug 26, 2016 09:34

SMM Comments

Key Macroeconomic Indicators for Base Metal Prices (2016-8-22)

Annual meeting of central bankers in Jackson Hole and crude oil prices will come under the spotlight this week.

Aug 22, 2016 09:20

SMM Comments

China Base Metal Output Data in July, SMM Exclusive Data

SMM surveys major producers in China’s base metal market every month to get first-hand production data, and the following table shows latest output data for July.

Aug 11, 2016 10:12

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

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