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

SMM Insight 10:33AM Jun 12, 2017 Source:SMM

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.

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

SMM Insight 10:33AM Jun 12, 2017 Source:SMM

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.