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Home / Metal News / SMM Price Outlook for Base Metals on SHFE (Jun. 15, 2017)

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

iconJun 15, 2017 09:15
Source:SMM
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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