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

Apr 1, 2017 18:20

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

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