SHANGHAI, May 22 (SMM) – This coming week, there will be only three trading days on the SHFE for the 2017 Chinese Dragon Boat Festival from May 28-30. Tight month-end liquidity will impede the sustainability of price gain, and base metals are expected to stage range-bound trading.
|
LME 3-M (USD/mt) |
SHFE 3-M (RMB/mt) |
|
|
Copper |
5,630-5,750 |
45,500-46,200 |
|
Aluminum |
1,930-1,970 |
13,900-14,200 |
|
Zinc |
2,600-2,680 |
21,950-22,550 |
|
Lead |
2,050-2,120 |
15,750-16,350 |
|
Tin |
20,000-20,500 |
143,000-146,000 |
|
Nickel |
8,900-9,250 |
74,500-76,600 |
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