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SMM Price Outlook for Base Metals on SHFE (May 19, 2017)
May 19,2017 09:13CST
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Source:SMM
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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