SMM Price Outlook for Base Metals on SHFE (May 18, 2017)

Published: May 18, 2017 09:21

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Base metals mostly finished higher in overnight trading, but price divergence and big resistance at the upper hand were obvious during the trading.

SHANGHAI, May 18 (SMM) – Base metals mostly finished higher in overnight trading, but price divergence and big resistance at the upper hand were obvious during the trading. If the dollar keeps weakening, base metals are expected to get a boost.

Product	Price Range
Copper	45,200-45,600
Aluminum	13,980-14,120
Lead	15,650-15,850
Zinc	21,400-21,700
Tin	142,500-144,000
Nickel	74,000-75,500

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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