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SMM Price Outlook for Base Metals on SHFE (May 22, 2017)

iconMay 22, 2017 09:11
Base metals rallied across the board last Friday’s night trading, and eyes should be on price resistance at highs on Monday.

SHANGHAI, May 22 (SMM) – Base metals rallied across the board last Friday’s night trading, and eyes should be on price resistance at highs on Monday.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-22)

Product

Price Range

Copper

45,500-46,000

Aluminum

14,000-14,200

Lead

15,500-15,800

Zinc

21,800-22,300

Tin

resistance at 148,000

Nickel

77,200-79,000

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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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