SHANGHAI, Jun. 12 (SMM) - Base metals advanced after falling since the end of Dragon Boat Festival from May 29-30, and market fundamentals led to big price divergence. This week, base metals are expected to move higher, but caution attitude should be taken to further gains of some products after sharp rallies.
China Base Metal Output Data in May 2017, SMM Exclusive Data
|
LME 3-M (USD/mt) |
SHFE 3-M (RMB/mt) |
|
|
Copper |
5650-5800 |
45200-46200 |
|
Aluminum |
1870-1920 |
13450-13800 |
|
Zinc |
2450-2550 |
20500-21400 |
|
Lead |
2050-2110 |
16500-17100 |
|
Tin |
18600-19600 |
140000-144000 |
|
Nickel |
8700-9000 |
71800-74200 |
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