SHANGHAI, May 25 (SMM) – On Wednesday’s night trading, base metals dropped at first and then rallied, with some feeling price resistance at the tail of trading. On Thursday, eyes should be on US’s May monetary policy minutes, initial jobless data, and OPEC’s semi-annual meeting.
Key Macroeconomic Indicators for Base Metal Prices (2017-5-25)
|
Product |
Price Range |
|
Copper |
45,600-45,950 |
|
Aluminum |
13,900-14,100 |
|
Lead |
15,750-16,000 |
|
Zinc |
22,200-22,500 |
|
Tin |
143,500-145,000 |
|
Nickel |
75,200-76,500 |
Unit: yuan/tonne
Source: SMM
SMM Weekly Price Outlook for Base Metals on LME and SHFE (May 22-26, 2017)
Note: Prices all above are for most-actively traded contract on the SHFE.
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