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

Published: Apr 1, 2017 18:20

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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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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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