SMM Price Outlook for Base Metals on SHFE (Jun. 9, 2017)

Published: Jun 9, 2017 09:06

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Base metals mostly closed up on Thursday’s night trading, but price fallback of some products indicated the resistance to move higher.

SHANGHAI, Jun. 9 (SMM) – Base metals mostly closed up on Thursday’s night trading, but price fallback of some products indicated the resistance to move higher.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-9)

Product	Price Range
Copper	45,600-45,950
Aluminum	13,750-13,880
Lead	16,500-16,750
Zinc	20,850-21,230
Tin	140,000-142,000
Nickel	72,000-73,100

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

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