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

Published: Jun 12, 2017 10:33

Save

Base metals advanced after falling since the end of Dragon Boat Festival from May 29-30, and market fundamentals led to big price divergence.

SHANGHAI, Jun. 12 (SMM) - Base metals advanced after falling since the end of Dragon Boat Festival from May 29-30, and market fundamentals led to big price divergence. This week, base metals are expected to move higher, but caution attitude should be taken to further gains of some products after sharp rallies.

China Base Metal Output Data in May 2017, SMM Exclusive Data

	LME 3-M (USD/mt)	SHFE 3-M (RMB/mt)
Copper	5650-5800	45200-46200
Aluminum	1870-1920	13450-13800
Zinc	2450-2550	20500-21400
Lead	2050-2110	16500-17100
Tin	18600-19600	140000-144000
Nickel	8700-9000	71800-74200

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

29 mins ago

Inventory Fell Sharply, Suppliers Actively Held Prices Firm, and Spot Premiums Continued to Rise [SMM South China Spot Copper]

29 mins ago

40 mins ago

Sluggish Market Transactions, Spot Premiums Stabilized [SMM North China Spot Copper]

Spot #1 copper cathode in North China was quoted at a discount of 100 yuan/mt to a discount of 40 yuan/mt against the front-month contract today. The average price remained unchanged from the previous trading day, and the average transaction price fell by 10 yuan/mt from the previous trading day to 95,345 yuan/mt.

40 mins ago

41 mins ago

Demand Outside China Supported Stronger Exports, and Copper Cathode Rod Increased MoM, January-February

41 mins ago