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SMM Price Outlook for Base Metals on SHFE (Jun. 21, 2017)
Jun 21, 2017 09:13Base metals fell back after rising first on Tuesday’s night trading, a sign of lack of further rising strength, and price divergence is expected to be continuing on Wednesday.
SHANGHAI, Jun. 21 (SMM) – Base metals fell back after rising first on Tuesday’s night trading, a sign of lack of further rising strength, and price divergence is expected to be continuing on Wednesday.
SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jun. 19-23, 2017)
|
Product |
Price Range |
|
Copper |
45,200-45,600 |
|
Aluminum |
13,850-14,000 |
|
Lead |
17,450-17,700 |
|
Zinc |
21,150-21,500 |
|
Tin |
142,500-144,000 |
|
Nickel |
72,900-74,100 |
Unit: yuan/tonne
Source: SMM
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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