SHANGHAI, Jul. 17 (SMM) – Last week, base metals advanced across the board with aluminum leading gains following cut news in Shandong.
Despite fallback from highs and profit-taking by longs, base metals are expected to trade at highs, citing positive economic data and technical indicators.
China Base Metal Output Data in June 2017, SMM Exclusive Data
|
LME 3-M (USD/mt) |
SHFE 3-M (RMB/mt) |
|
|
Copper |
5830-5950 |
46500-47500 |
|
Aluminum |
1900~1945 |
14150-14500 |
|
Zinc |
2730-2830 |
22500-23200 |
|
Lead |
2250-2310 |
17450-17850 |
|
Tin |
19500-20200 |
142500-145000 |
|
Nickel |
9100-9450 |
75200-77200 |
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