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SMM Price Outlook for Base Metals on SHFE (May 9, 2017)

iconMay 9, 2017 09:26
Base metals diverged in overnight trading, and on Tuesday, eyes should be on economic data from China and US.

SHANGHAI, May 9 (SMM) – Base metals diverged in overnight trading, and on Tuesday, eyes should be on economic data from China and US.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-9)

Product

Price Range

Copper

44500-44900

Aluminum

13700-13950

Lead

15800-16150

Zinc

21300-21700

Tin

139000-141500

Nickel

76000-77200

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

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