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

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

SMM Insight 10:16:54AM May 27, 2017 Source:SMM

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

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

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

SMM Insight 10:16:54AM May 27, 2017 Source:SMM

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

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.