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

Published: May 22, 2017 09:11

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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 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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