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SMM Price Outlook for Base Metals on SHFE (May 24, 2017)
May 24, 2017 09:25Base metals fell at first before rallying as the dollar gathered rising strength on Tuesday’s night trading.
SHANGHAI, May 24 (SMM) – Base metals fell at first before rallying as the dollar gathered rising strength on Tuesday’s night trading, and price divergence is expected to be continuing on Wednesday.
Key Macroeconomic Indicators for Base Metal Prices (2017-5-24)
|
Product |
Price Range |
|
Copper |
45,900-46,150 |
|
Aluminum |
13,950-14,150 |
|
Lead |
15,600-16,000 |
|
Zinc |
22,300-22,700 |
|
Tin |
Support at 14,4000 |
|
Nickel |
77,200-78,200 |
Unit: yuan/tonne
Source: SMM
SMM Weekly Price Outlook for Base Metals on LME and SHFE (May 22-26, 2017)
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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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