SMM Price Outlook for Base Metals on SHFE (May 16, 2017)

Published: May 16, 2017 09:19

Save

Base metals mostly finished higher in overnight trading, and with significant price divergence.

SHANGHAI, May 16 (SMM) – Base metals mostly finished higher in overnight trading, and with significant price divergence. Technically, price resistance at the upper hand will be strong.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-16)

Product	Price Range
Copper	45,200-45,600
Aluminum	13,900-14,100
Lead	15,550-15,900
Zinc	21,500-21,800
Tin	140,000-143,000
Nickel	76,100-77,300

Unit: yuan/tonne

Source: SMM

Note: Prices all above are for most-actively traded contract on the SHFE.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

base metals base metal prices base metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

China’s Brass Bar Imports Fell 9.94% YoY in January-February 2026

According to the latest customs data, in January 2026, China’s imports of copper-zinc alloy (brass) bars and rods were 2,050.01 mt in physical content, down 8.37% MoM and up 24.53% YoY. In February, China’s imports of copper-zinc alloy (brass) bars and rods were 1,344.87 mt in physical content, down 34.4% MoM and down 36.67% YoY, showing an overall sharp decline. Cumulative imports in January-February 2026 were 3,394.87, down 9.94% YoY cumulatively. (HS codes 74072111, 74072119, 74072190).

1 hour ago

[SMM Analysis] The Mystery Behind the Flat China Sulfuric Acid FOB Price

Since the beginning of 2026, the global sulfur supply has been tight, with prices continuing to rise, intensifying pressure across the industrial chain. The external environment has further exacerbated the situation: ongoing turmoil in the Middle East has disrupted shipping through the Strait of Hormuz, affecting nearly 40% of global sulfur maritime transport. Shipping costs have doubled, forcing a restructuring of trade flows.

1 hour ago

Rio Tinto Targets Mid-2030s for Arizona Copper Mine, May Export Concentrate Due to US Smelting Costs

Rio Tinto expects Resolution Copper mine to open by mid-2030s, may export some concentrate HOUSTON, March 24 (Reuters) – Rio Tinto aims to bring its Resolution Copper project in Arizona online by the mid-2030s, but may need to export some copper concentrate due to challenging economics for smelting in the U.S., a senior executive said on Tuesday. The mining giant recently gained control of key acreage for the project after a lengthy court battle.

1 hour ago