SHANGHAI, Jun. 2 (SMM) – Base metals on the SHFE met strong resistance at moving averages, except tin, during Thursday’s night session. Divergence will continue among base metals on Friday and upcoming US non-farm payrolls data should trigger price volatility.
Key Macroeconomic Indicators for Base Metal Prices (2017-6-2)
Product |
Price Range |
Copper |
45,200-45,600 |
Aluminum |
13,700-13,900 |
Lead |
16,000-16,300 |
Zinc |
21,600-21,900 |
Tin |
142,500-144,500 |
Nickel |
71,700-73,100 |
Unit: yuan/tonne
Source: SMM
Note: Prices all above are for most-actively traded contract on the SHFE.
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