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Home / Metal News / SMM Price Outlook for Base Metals on SHFE (May 17, 2017)

SMM Price Outlook for Base Metals on SHFE (May 17, 2017)

iconMay 17, 2017 09:16
Base metals rallied after falling in overnight trading, but price resistance remained big. Base metals are expected to keep diverging on Wednesday. 

SHANGHAI, May 17 (SMM) – Base metals rallied after falling in overnight trading, but price resistance remained big. Base metals are expected to keep diverging on Wednesday. 

Key Macroeconomic Indicators for Base Metal Prices (2017-5-17)

Product

Price Range

Copper

45,200-45,600

Aluminum

13,910-14,100

Lead

15,500-15,750

Zinc

21,230-21,560

Tin

140,000-143,000

Nickel

76,000-77,000

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.

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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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

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