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SMM Weekly Price Outlook for Base Metals on LME and SHFE (Mar. 27-31, 2017)

iconMar 27, 2017 09:28
Source:SMM
Last week, tight liquidity weighed down base metal market. This week, cash liquidity will remain a major influential factor.

SHANGHAI, Mar. 27 (SMM) – Last week, tight liquidity weighed down base metal market. This week, cash liquidity will remain a major influential factor.

 

LME 3-M

SHFE 3-M

Spot Premiums/Discounts

Copper

5700~5900

46400~48000

(-250)~(-150)

Aluminum

1900~1950

13600~14200

(-180)~(-130)

Zinc

2780-2900

22900-23900

(-60)~(-20)

Lead

2300-2380

17900-18600

100~(-200)

Tin

19600~20300

145000~148000

142000~146500

Nickel

9700~10200

80500-83800

(-350)~800

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