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Home / Metal News / SMM Weekly Price Outlook for Base Metals on LME and SHFE (May 29-Jun. 2, 2017)

SMM Weekly Price Outlook for Base Metals on LME and SHFE (May 29-Jun. 2, 2017)

May 27, 2017 10:16

Source:SMM

This coming week, there will be only three trading days on the SHFE for the 2017 Chinese Dragon Boat Festival from May 28-30.

SHANGHAI, May 22 (SMM) – This coming week, there will be only three trading days on the SHFE for the 2017 Chinese Dragon Boat Festival from May 28-30. Tight month-end liquidity will impede the sustainability of price gain, and base metals are expected to stage range-bound trading.

	LME 3-M (USD/mt)	SHFE 3-M (RMB/mt)
Copper	5,630-5,750	45,500-46,200
Aluminum	1,930-1,970	13,900-14,200
Zinc	2,600-2,680	21,950-22,550
Lead	2,050-2,120	15,750-16,350
Tin	20,000-20,500	143,000-146,000
Nickel	8,900-9,250	74,500-76,600

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Chinese customs released the import and export data on refined copper, primary aluminum, and other base metals in January 2018.

Feb 26, 2018 09:39

Analysis

Data: China's base metals import, export in Jan

LME Aluminum to Fluctuate at Highs (2017-4-26)

LME aluminum should move at highs of USD 1,950-1,975/mt today.

Apr 26, 2017 09:40

SMM Comments

LME Aluminum to Fluctuate at Highs (2017-4-26)

SMM Price Outlook for Base Metals on SHFE (Apr. 20, 2017)

Base metals overnight largely closed higher, but the struggles between longs and shorts remain intense. On Thursday, the market expected to show range-bound trading.

Apr 20, 2017 09:07

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Apr. 20, 2017)

SMM Price Outlook for Base Metals on SHFE (Apr. 18, 2017)

LME market will reopen on Tuesday, and eyes should be price support at lows on Tuesday, both on the LME and SHFE market.

Apr 18, 2017 09:11

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Apr. 18, 2017)

SMM Price Outlook for Base Metals on SHFE (Apr. 17, 2017)

LME market will remain closed on Monday for the Easter, and base metals, after staging volatile movements last Friday, are expected to keep diverging on Monday.

Apr 17, 2017 09:14

SMM Insight Industry

SHFE Tin Become Only One Survivor after Wide-spread Base Metal Declines on Cut News, SMM Reports

On Friday’s afternoon business, SHFE 1705 tin drifted lower amid growing shorts, but finally closed up 920 yuan per tonne or 0.63 percent from the previous trading day.

Apr 7, 2017 16:48

SMM Insight Industry

SHFE Tin Become Only One Survivor after Wide-spread Base Metal Declines on Cut News, SMM Reports

CME Group reports a record first-quarter Metals ADV of 512,000 contracts

CME Group has reported that March 2017 average daily volume (ADV) reached 16.9 million contracts, up 18 percent from a March 2016.

Apr 5, 2017 09:44

Industry

CME Group reports a record first-quarter Metals ADV of 512,000 contracts

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

In the coming week, SHFE will see a shorter trading week for the 2017 Chinese Qingming Festival from Apr. 2-4.

Apr 1, 2017 18:20

SMM Insight Industry

40% Chinese Tin Smelters Expect Tin Prices to Rise further This Week, SMM Survey

SMM’s survey of major Chinese tin smelters over their opinions on this week’s price outlook shows the following results.

Sep 6, 2016 09:59

SMM Comments

SHFE Aluminum to See Range-Bound Trading (2016-9-2)

SHFE 1610 aluminum will struggle around the 5-day moving average due to strong market caution, with prices expected at RMB 12,100-12,250/mt.

Sep 2, 2016 09:25

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