SMM Price Outlook for Base Metals on SHFE (Oct. 18, 2017)

Published: Oct 18, 2017 09:07

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Market investors are now eying China’s 19th CPC National Congress, opening on Wednesday, and waiting for more direction from the meeting.

SHANGHAI, Oct. 18 (SMM) – Market investors are now eying China’s 19^th CPC National Congress, opening on Wednesday, and waiting for more direction from the meeting. On Tuesday’s night trading, a stronger dollar and market caution before China’s meeting sent down most of base metals.

Product	Price Range
Copper	54,500-54,900
Aluminum	16,150-16,400
Lead	19,800-20,300
Zinc	24,800-25,250
Tin	145,000-147,000
Nickel	92,800-93,800

Unit: yuan/tonne

Source: SMM

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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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