SMM Price Outlook for Base Metals on SHFE (Jul. 28, 2017)

Published: Jul 28, 2017 09:12

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On Thursday’s night trading, base metals were mixed, with nickel and tin outperforming, and prices are expected to keep diverging on Friday.

SHANGHAI, Jul. 28 (SMM) – On Thursday’s night trading, base metals were mixed, with nickel and tin outperforming, and prices are expected to keep diverging on Friday.

SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jul. 24-28, 2017)

Product	Price Range
Copper	49,950-50,450
Aluminum	14,400-14,530
Lead	18,000-18,250
Zinc	23,000-23,400
Tin	149,000-151,000
Nickel	81,500-83,000

Unit: yuan/tonne

Source: SMM

Note: Prices all above are for most-actively traded contract on the SHFE.

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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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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