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SMM Weekly Price Outlook for Base Metals on LME and SHFE (May 15-19, 2017)
May 15,2017 16:27CST
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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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