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SMM Price Outlook for Base Metals on SHFE (Jun. 6, 2017)

iconJun 6, 2017 09:08
Base metals mostly closed lower on Monday’s night trading, and price tone is expected to remain weak on Tuesday.

SHANGHAI, Jun. 6 (SMM) – Base metals mostly closed lower on Monday’s night trading, and price tone is expected to remain weak on Tuesday.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-7)

Product

Price Range

Copper

45,100-45,450

Aluminum

13,550-13,750

Lead

16,400-16,700

Zinc

21,100-21,550

Tin

141,000-143,000

Nickel

72,400-73,600

Unit: yuan/tonne

Source: SMM

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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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