SHANGHAI, Mar. 20 (SMM) – The US Federal Reserve announced to raise its interest rate by 25 basis points at its March interest rate meeting, meeting market expectations. Downstream demand in China is on the way of improving from mid-late March, boosting market confidence.
SMM Price Outlook for Base Metals on SHFE (Mar. 20, 2017)
LME 3-M |
SHFE 3-M |
Spot Premiums/Discounts |
|
Copper |
5820~6020 |
47250~48650 |
(-250)~(-100) |
Aluminum |
2870~1930 |
13600~14200 |
(-200)~(-160) |
Zinc |
2800~2900 |
22800~24000 |
(-50)~0 |
Lead |
2220~2230 |
18000~18700 |
50~(-200) |
Tin |
19700~20400 |
144000~148000 |
143000~146000 (spot price) |
Nickel |
9900~10400 |
83000~86500 |
(-400)~600 |
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