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

Published: May 17, 2017 09:16

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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.

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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 communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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