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Home / Metal News / SMM Price Outlook for Base Metals on SHFE (May 24, 2017)

SMM Price Outlook for Base Metals on SHFE (May 24, 2017)

iconMay 24, 2017 09:25
Source:SMM
Base 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.

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

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