SMM Price Outlook for Base Metals on SHFE (Jun. 15, 2017)

Published: Jun 15, 2017 09:15

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Base metals finished mixed on Wednesday’s night trading, and the struggles between longs and shorts are expected to be continuing on Thursday.

SHANGHAI, Jun. 15 (SMM) – Base metals finished mixed on Wednesday’s night trading, and the struggles between longs and shorts are expected to be continuing on Thursday. Market will digest US’s Fed rate hike decision, and eyes should be also on UK’s rate decision.

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

Product	Price Range
Copper	45,450-45,750
Aluminum	13,450-13,650
Lead	16,900-17,250
Zinc	20,800-21,200
Tin	144,000-146,000
Nickel	72,400-73,600

Unit: yuan/tonne

Source: SMM

Key Macroeconomic Indicators for Base Metal Prices (2017-6-15)

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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