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Home / Metal News / SMM Price Outlook for Base Metals on SHFE (Jun. 21, 2017)

SMM Price Outlook for Base Metals on SHFE (Jun. 21, 2017)

iconJun 21, 2017 09:13
Source: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.

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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