SMM Weekly Price Outlook for Base Metals on LME and SHFE (May 29-Jun. 2, 2017)

May 27, 2017 10:16

Source:SMM

This coming week, there will be only three trading days on the SHFE for the 2017 Chinese Dragon Boat Festival from May 28-30.

SHANGHAI, May 22 (SMM) – This coming week, there will be only three trading days on the SHFE for the 2017 Chinese Dragon Boat Festival from May 28-30. Tight month-end liquidity will impede the sustainability of price gain, and base metals are expected to stage range-bound trading.

	LME 3-M (USD/mt)	SHFE 3-M (RMB/mt)
Copper	5,630-5,750	45,500-46,200
Aluminum	1,930-1,970	13,900-14,200
Zinc	2,600-2,680	21,950-22,550
Lead	2,050-2,120	15,750-16,350
Tin	20,000-20,500	143,000-146,000
Nickel	8,900-9,250	74,500-76,600

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SMM Weekly Price Outlook for Base Metals on LME and SHFE (May 29-Jun. 2, 2017)

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