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

Published: May 22, 2017 14:00

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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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