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SMM Price Outlook for Base Metals on SHFE (May 15, 2017)

iconMay 15, 2017 09:04
Base metals kept diverging in Friday’s night trading, and the trend is expected to be continuing on Monday.

SHANGHAI, May 15 (SMM) – Base metals kept diverging in Friday’s night trading, and the trend is expected to be continuing on Monday.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-15)

Product

Price Range

Copper

45,000-45,400

Aluminum

13,800-14,000

Lead

15,800-16,050

Zinc

21,290-21,650

Tin

140,000-143,000

Nickel

76,700-78,100

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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