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Home / Metal News / Copper / SMM Weekly Price Outlook for Base Metals on LME and SHFE (May 15-19, 2017)
SMM Weekly Price Outlook for Base Metals on LME and SHFE (May 15-19, 2017)
May 15,2017 16:27
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Source:SMM
Last week, base metals rallied from lows as expected. This week, the struggles between longs and shorts are expected to be intense.
SHANGHAI, May 15 (SMM) - Last week, base metals rallied from lows as expected. This week, the struggles between longs and shorts are expected to be intense, and the lack of rising strength will leave range-bound trading in base metals market.
|
LME 3-M (USD/mt) |
SHFE 3-M (RMB/mt) |
|
|
Copper |
5480-5625 |
44650-45950 |
|
Aluminum |
1865-1905 |
13800-14100 |
|
Zinc |
2550-2650 |
21000-22000 |
|
Lead |
2150-2220 |
15900-16400 |
|
Tin |
19300-19900 |
140000-143500 |
|
Nickel |
9200-9450 |
75500-78200 |
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