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SMM Price Outlook for Base Metals on SHFE (May 12, 2017)
May 12, 2017 09:06Source:SMM
Base metal prices were volatile during overnight trading, and the struggles between shorts and longs are expected to be continuing on Friday.
SHANGHAI, May 12 (SMM) – Base metal prices were volatile during overnight trading, and the struggles between shorts and longs are expected to be continuing on Friday.
|
Product |
Price Range |
|
Copper |
44,900-45,300 |
|
Aluminum |
13,700-13,900 |
|
Lead |
16,150-16,400 |
|
Zinc |
21,400-21,770 |
|
Tin |
141,000-143,000 |
|
Nickel |
76,200-77,300 |
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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