SMM Price Outlook for Base Metals on SHFE (May 25, 2017)

Published: May 25, 2017 09:14

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On Wednesday’s night trading, base metals dropped at first and then rallied, with some feeling price resistance at the tail of trading.

SHANGHAI, May 25 (SMM) – On Wednesday’s night trading, base metals dropped at first and then rallied, with some feeling price resistance at the tail of trading. On Thursday, eyes should be on US’s May monetary policy minutes, initial jobless data, and OPEC’s semi-annual meeting.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-25)

Product	Price Range
Copper	45,600-45,950
Aluminum	13,900-14,100
Lead	15,750-16,000
Zinc	22,200-22,500
Tin	143,500-145,000
Nickel	75,200-76,500

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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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