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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