SMM Exclusive Morning Comments (2017-11-22)

SHANGHAI, Nov.22 (SMM)－

Copper: Main contract 1801 of SHFE Copper moves between 53,700-54,200 yuan per tonne. Premium of spot gradually stabilizes. Today it is estimated to move between 180-90 yuan per tonne.

Aluminium: Main contracts of SHFE Aluminium will aim 14,500 yuan per tonne for nex stage. Today it is expected to move between 14,750-14,950 yuan per tonne. Premium of spot moves between 130-90 yuan per tonne.

Zinc: Driven by foreign market, SHFE Zinc performs quite well. Breaking pressure of all moving averages, it made up dropping amount last week. Today it is estimated to move between 25,350-25,800 yuan per tonne.

Tin: Last night SHFE Tin rushed high and retraced for late session, showing great pressure above. Today it is estimated to move between 142,000-143,500 yuan per tonne.

Nickel: Main contract 1805 of SHFE Nickel is estimated to move between 95,000-96,300 yuan per tonne today, with spot price at 94,500-95,800 yuan per tonne.

Lead: SHFE Lead moves between 10-day and 20-day moving averages, with upper pressure of 19,000. It is expected to move around 10-day moving average for reorganization today.

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