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SMM Weekly Price Outlook for Base Metals on LME and SHFE (Apr. 17-21, 2017)
Apr 17, 2017 11:24Source:SMM
LME market will remain closed on Monday for the Easter, and base metals are projected to fluctuate at lows, and to look for chance to regain lost ground.
SHANGHAI, Apr. 17 (SMM) – LME market will remain closed on Monday for the Easter, and base metals are projected to fluctuate at lows, and to look for chance to regain lost ground
|
LME 3-M ($/t) |
SHFE 3-M (yuan/t) |
Spot Premiums/Discounts (yuan/t) |
|
|
Copper |
5600~5800 |
45500~47500 |
(-120)~(-20) |
|
Aluminum |
1900~1980 |
14000~14500 |
(-180)~(-120) |
|
Zinc |
2520~2620 |
21000~22000 |
(250)~(300) |
|
Lead |
2200~2260 |
15850~16550 |
(~100)~(100) |
|
Tin |
19300~20200 |
140000~146000 |
140500~145000 (spot price) |
|
Nickel |
9500~9900 |
79000~82000 |
（-500）~1200 |
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