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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
Source:SMM
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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