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Home / Metal News / SMM Price Outlook for Base Metals on SHFE (Mar. 10, 2017)

SMM Price Outlook for Base Metals on SHFE (Mar. 10, 2017)

Mar 10, 2017 09:18

Source:SMM

Overnight, base metals largely closed lower, and on Friday, the reading of US nonfarm payrolls for February will be closely watched.

SHANGHAI, Mar. 10 (SMM) – Overnight, base metals largely closed lower, and on Friday, the reading of US nonfarm payrolls for February will be closely watched.

Key Macroeconomic Indicators for Base Metal Prices (2017-3-10)

Product	Price Range
Copper	46,000-46,500
Aluminum	13,550-13,850
Lead	17,500-18,200
Zinc	21,650-21,950
Tin	140,000-143,000
Nickel	83,600-85,200

Unit: yuan/tonne

Source: SMM

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

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Chinese customs released the import and export data on refined copper, primary aluminum, and other base metals in January 2018.

Feb 26, 2018 09:39

Analysis

Data: China's base metals import, export in Jan

LME Aluminum to Fluctuate at Highs (2017-4-26)

LME aluminum should move at highs of USD 1,950-1,975/mt today.

Apr 26, 2017 09:40

SMM Comments

LME Aluminum to Fluctuate at Highs (2017-4-26)

SMM Price Outlook for Base Metals on SHFE (Apr. 18, 2017)

LME market will reopen on Tuesday, and eyes should be price support at lows on Tuesday, both on the LME and SHFE market.

Apr 18, 2017 09:11

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Apr. 18, 2017)

SMM Price Outlook for Base Metals on SHFE (Apr. 17, 2017)

LME market will remain closed on Monday for the Easter, and base metals, after staging volatile movements last Friday, are expected to keep diverging on Monday.

Apr 17, 2017 09:14

SMM Insight Industry

SHFE Tin Become Only One Survivor after Wide-spread Base Metal Declines on Cut News, SMM Reports

On Friday’s afternoon business, SHFE 1705 tin drifted lower amid growing shorts, but finally closed up 920 yuan per tonne or 0.63 percent from the previous trading day.

Apr 7, 2017 16:48

SMM Insight Industry

SHFE Tin Become Only One Survivor after Wide-spread Base Metal Declines on Cut News, SMM Reports

SMM Weekly Price Outlook for Base Metals on LME and SHFE (Apr. 3-7, 2017)

In the coming week, SHFE will see a shorter trading week for the 2017 Chinese Qingming Festival from Apr. 2-4.

Apr 1, 2017 18:20

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Mar. 15, 2017)

Base metals mostly closed higher in Thursday’s overnight trading, and on Friday, China’s NPC &CPPCC will come to an end, and Chinese Premier will hold press conference.

Mar 15, 2017 09:11

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Mar. 3, 2017)

Trading sentiment in base metal market is expected to be caution on Friday, and China’s NPC&CPPCC sessions will be opening today, and eyes should be on signals for economic work this year.

Mar 3, 2017 09:10

SMM Insight Industry

Base Metals to Diverge after US Rate Hike, SMM Says

Base metal prices are expected to diverge on Thursday after US’s rate hike decision, Shanghai Metals Market predicts.

Dec 15, 2016 09:27

SMM Insight Industry

Eyes on China November Data, with Prices Fluctuating, SMM Says

Base metal prices on the SHFE are expected to fluctuate at the current range, and may trade relatively stronger, Shanghai Metals Market predicts.

Dec 13, 2016 09:31

SMM Insight Industry

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