SMM Weekly Price Outlook for Base Metals on LME and SHFE (May 22-26, 2017)

Published: May 22, 2017 14:00

Save

Last week, base metals advanced at first, but then fell back. What's price outlook for this week?

SHANGHAI, May 22 (SMM) – Last week, base metals advanced at first, but then fell back. Precious metals got a boost after the commodity’s appeal as a haven grew following Trump’s biggest crisis of his presidency. Base metals are expected to swing in a wide range this week.

	LME 3-M (USD/mt)	SHFE 3-M (RMB/mt)
Copper	5,485-5,635	44,500-45,650
Aluminum	1,885-1,930	13,800-14,100
Zinc	2,490-2,590	21,000-21,600
Lead	2,020-2,090	15,000-15,500
Tin	19,900-20,600	141,500-146,000
Nickel	8,950-9,250	74,700-77,000

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

base metals base metal prices base metal price forecast

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

21 hours ago

Zambian Elections: Hichilema Expected to Win; Economic Growth in Focus

Zambia will hold presidential and parliamentary elections on August 13. The market widely expects that incumbent President Hichilema Hakainde will win reelection. For investors, the core concern is whether his second term can transform the economic stabilization after the sovereign debt default into robust, mining-led, job-creating growth.

21 hours ago

Antofagasta Resumes Production at Los Pelambres Copper Mine After Rain and Power Outage

Chilean copper miner Antofagasta said production has resumed at its Los Pelambres copper mine, north of Santiago, after it was halted by heavy rains and a power outage. The London-listed miner on Friday maintained its full-year production expectations despite the brief disruption, saying there was no significant damage to equipment or critical infrastructure.

21 hours ago

Antofagasta's Los Pelambres Copper Mine Safe Amid Environmental Investigation After Extreme Weather Incident

Chile's Antofagasta Minerals said on Thursday that its core asset, the Los Pelambres copper mine, is currently safe, after Chile's environmental regulator launched an investigation into a drainage incident triggered by extreme weather.

21 hours ago