SMM Price Outlook for Base Metals on SHFE (May 19, 2017)

Published: May 19, 2017 09:13

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Bearish sentiment slightly took the upper hand in overnight trading, with mainstream price range moving lower.

SHANGHAI, May 19 (SMM) – Bearish sentiment slightly took the upper hand in overnight trading, with mainstream price range moving lower. The struggles between longs and shorts are expected to remain intense on Friday.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-19)

Product	Price Range
Copper	44,800-45,200
Aluminum	13,900-14,050
Lead	15,200-15,500
Zinc	21,300-21,600
Tin	142,500-144,500
Nickel	75,500-76,500

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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