SMM Price Outlook for Base Metals on SHFE (Jun. 14, 2017)

Published: Jun 14, 2017 09:02

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Base metals advanced after falling initially on Tuesday’s night trading, and the market may see rising momentum on Wednesday’s trading.

SHANGHAI, Jun. 14 (SMM) – Base metals advanced after falling initially on Tuesday’s night trading, and the market may see rising momentum on Wednesday’s trading, but price resistance at upper hand or previous high may curb the rising strength.

SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jun. 12-16, 2017)

Product	Price Range
Copper	45,600-45,850
Aluminum	13,600-13,770
Lead	16,800-16,950
Zinc	20,550-21,000
Tin	143,500-146,000
Nickel	71,500-73,000

Unit: yuan/tonne

Source: SMM

Key Macroeconomic Indicators for Base Metal Prices (2017-6-14)

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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