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

iconJun 7, 2017 09:09
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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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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