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SMM Price Outlook for Base Metals on SHFE (Jun. 9, 2017)
Jun 9, 2017 09:06Base 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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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