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SMM Price Outlook for Base Metals on SHFE (Jun. 14, 2017)
Jun 14, 2017 09:02Source:SMM
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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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