SHANGHAI, Aug. 18 (SMM) – The table below shows cash to 3-month backwardation/contango of base metals on the LME on August 17.
Citibank Bullish toward Base Metals in Next Few Months
|
LME Cash to 3-Month (B/C) USD/mt |
||
|
Aug. 17 |
Aug. 16 |
|
|
Copper |
33.75 (C) |
35.5 (C) |
|
Aluminum |
7.25 (B) |
6 (C) |
|
Zinc |
9.5 (C) |
11.5 (C) |
|
Lead |
23.75 (C) |
19.5 (C) |
|
Nickel |
54.5 (C) |
53.5 (C) |
|
Tin |
110 (B) |
110 (B) |
SHFE Base Metals Inventories (2017-8-18)
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