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SMM Weekly Price Outlook for Base Metals on LME and SHFE (May 22-26, 2017)
May 22, 2017 14:00Source: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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