SMM Price Outlook for Base Metals on SHFE (Jun. 12, 2017)

Published: Jun 12, 2017 09:05

Save

Base metals mostly finished higher on last Friday’s night trading, and Monday will see a light calendar day, and prices are expected to keep diverging.

SHANGHAI, Jun. 12 (SMM) – Base metals mostly finished higher on last Friday’s night trading, and Monday will see a light calendar day, and prices are expected to keep diverging.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-12)

Product	Price Range
Copper	46,200-46,700
Aluminum	13,750-13,900
Lead	16,730-17,050
Zinc	21,300-21,630
Tin	141,000-142,500
Nickel	73,000-74,200

Unit: yuan/tonne

Source: SMM

SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jun. 12-16, 2017)

Note: Prices all above are for most-actively traded contract on the SHFE.

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

base metals base metal prices base metal price forecast

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

6 hours ago

Jintian Co., Ltd.: Annual Capacity of Rare Earth Permanent Magnets Has Reached 9,000 mt; High-Precision Free-Cutting Copper Billet Has Been Used in Airborne Structures of Low-Altitude Aircraft

6 hours ago

7 hours ago

Sharp Decline in Copper Prices Prompted Some Downstream Enterprises to Operate at Full Capacity, and Spot Copper Turned to Premiums Across the Board [SMM South China Copper Cathode Spot Weekly Review]

7 hours ago

8 hours ago

The Operating Rate of China's Scrap-derived Copper Anode Producers Declined

[SMM Copper Anode market] Due to the narrowing price difference between copper cathode and scrap, the operating rate of China's scrap-derived copper anode producers declined, with production mainly carried out to fulfill long-term contracts. From March 13 to 19, the operating rate of SMM scrap-derived copper anode plate enterprises was 58.31%, down 0.5 percentage points WoW. As copper prices fell sharply, the operating rate is expected to decline to 54.65% next week.

8 hours ago