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Home / Metal News / SMM Price Outlook for Base Metals on SHFE (May 18, 2017)

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

iconMay 18, 2017 09:21
Source:SMM
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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