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

Published: Jun 21, 2017 09:13

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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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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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