SHFE released draft on the launch of stainless steel futures.
price review forecast
ME tin may face technical corrections and test resistance at USD 20,600/mt and support at USD 20,000/mt today.
LME aluminum hit new high thanks to strong crude oil and LME copper.
LME lead will hover at USD 2,310-2,330/mt and SHFE 1708 lead will fluctuate between RMB 17,650-17,850/mt.
LME copper will rise to USD 6,225-6,275/mt on Wednesday and SHFE 1709 copper will advance to RMB 49,300-49,800/mt
UK GDP is expected to grow 1.7% YoY in Q2, down 0.3 percentage point from Q1.
LME zinc surged and still have upward momentum.
On Monday’s night session, SHFE 1709 tin inched down and ended at RMB 146,290/mt.
SHFE 1709 aluminum opened at RMB 14,465/mt on Tuesday.
SHFE 1709 nickel opened at RMB 80,110/mt today.
China’s copper imports fell sharply in the first half of 2017, according to China Customs.
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