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Home / Metal News / SMM Exclusive Morning Comments (2017-11-23)

SMM Exclusive Morning Comments (2017-11-23)

iconNov 23, 2017 09:33
Source:SMM
SMM Exclusive Morning Comments (2017-11-23)

SHANGHAI, Nov.23 (SMM)－

Copper: Premium of spot has stabilized gradually. Downstream are more willing to stocking up now. Today the discount is estimated to move between 150-70 yuan per tonne.

Zinc: SHFE Zinc continues struggling tendency. With light transaction, SHFE Zinc is expected to move around 25,450-25,900 yuan per tonne today.

Nickel: LME Nickel is expected to reorganize today. Main Contract 1805 of SHFE Nickel is to move between 95,000-96,200 yuan per tonne.

Tin: Last night SHFE Tin did not follow dropping tendency but rise slightly, with closing to 143,000 yuan per tonne. Today it is estimated to move between 142,000-143,500 yuan per tonne.

Aluminium: Keep views of weak aluminium price. It is estimated to move between 14,950-15,200 yuan per ton, with discount of spot at 140-100 yuan per tonne.

Lead: SHFE Lead rushed high and drops, breaking 20-day and 5-day moving average, In daytime session it is expected to test support effectiveness of 20-day and 5-day moving average below.

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


 

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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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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