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SMM Price Outlook for Base Metals on SHFE (Jun. 2, 2017)
Jun 2,2017 09:47CST
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Source:SMM
Base metals on the SHFE met strong resistance at moving averages, except tin, during Thursday’s night session.

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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