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

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

iconMay 22, 2017 14:00
Source:SMM
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

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