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SMM Price Outlook for Base Metals on SHFE (May 18, 2017)
May 18,2017 09:21
CSTsmm insightindustry news
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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