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Home / Metal News / SMM Price Outlook for Base Metals on SHFE (Jun. 7, 2017)

SMM Price Outlook for Base Metals on SHFE (Jun. 7, 2017)

Jun 7, 2017 09:09

Source:SMM

Wednesday will see a light calendar day, but struggles between shorts and longs are expected to intensify ahead of Thursday.

SHANGHAI, Jun. 7 (SMM) – Wednesday will see a light calendar day, but struggles between shorts and longs are expected to intensify ahead of Thursday, when a series of major data or news will be released.

Product	Price Range
Copper	44,900-45,200
Aluminum	13,700-13,850
Lead	16,400-16,650
Zinc	21,050-21,300
Tin	142,500-144,500
Nickel	72,600-74,000

Unit: yuan/tonne

Source: SMM

Note: Prices all above are for most-actively traded contract on the SHFE.

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On Friday’s afternoon business, SHFE 1705 tin drifted lower amid growing shorts, but finally closed up 920 yuan per tonne or 0.63 percent from the previous trading day.

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SMM Weekly Price Outlook for Base Metals on LME and SHFE (Apr. 3-7, 2017)

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