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Home / Metal News / SMM Price Outlook for Base Metals on SHFE (May 25, 2017)

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

iconMay 25, 2017 09:14
Source:SMM
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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