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

iconApr 1, 2017 18:20
Source:SMM
In the coming week, SHFE will see a shorter trading week for the 2017 Chinese Qingming Festival from Apr. 2-4.

SHANGHAI, Apr. 1 (SMM) – In the coming week, SHFE will see a shorter trading week for the 2017 Chinese Qingming Festival from Apr. 2-4. Cash liquidity is expected to gradually improve with the beginning of new month. Domestic downstream producers are also expected to replenish goods after the holiday.

 

LME 3-M

SHFE 3-M

Spot Premiums/Discounts

Copper

5700~5900

46200~47500 

(-100)~(-50)

Aluminum

1940~2000

13700~14300

(~220)~(~140)

Zinc

2790~2890

22800~23800

(~80)~(~30)

Lead

2300~2360

16800~17500

(~200)~(100)

Tin

19300~20100

140000~144000

140000~143000 (spot price)

Nickel

9850~10300

83500~86500

(~600)~600

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