SMM Exclusive Morning Comments (2017-11-21)

SHANGHAI, Nov.21 (SMM)－

Copper: Today LME Copper moves between $6,800-6,850 per tonne. Main contracts of SHFE Copper moves between 53,100-53,600 yuan per tonne. Spot is with sufficient stock in market with light downstream consumption. Premium today is estimated to be 180-90 yuan per tonne.

Zinc: SHFE Zinc rises after drops, with great adhesive of upper 60-day and  10-day moving averages. If no news supports, upward impetus maybe limited. Today SHFE Zinc is estimated to move between 24,950-25,400 yuan per tonne.

Aluminium: SHFE Aluminium wanders around 15,000 yuan per tonnes while support of this point is not strong. It is estimated to move between 14,950-15,150 yuan per tonne today. Premium of spot moves between 140-100 yuan per tonne.

Tin: Last night SHFE Tin recognized between 5-day and 10-day moving averages. Today it is to move between 142,000-143,500 yuan per tonne.

Nickel: Today main contracts of SHFE Nickel is to move between 93,800-95,100 yuan per tonne, with spot price of 93,300-94,300 yuan per tonne.

Lead: Lead Price goes up to 19,360 yuan per tonne, with daily lowest point of 19,020 yuan. SHFE Lead finished at 19,300 yuan per tonne, up 40 yuan by 0.21% growth.

For news cooperation, please contact us by email: gaotian@smm.cn or service.en@smm.cn. 

For more SMM inclusive metal news, please scan below QR code of our official WeChat Group.