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Home / Metal News / SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jun. 19-23, 2017)

SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jun. 19-23, 2017)

iconJun 19, 2017 10:25
Source:SMM
Last week, US’s Federal Reserve announced to raise its interest rate by 25 basis points at June’s rate meeting, and the rise, the second of the year, was in line with market estimation.

SHANGHAI, Jun. 19 (SMM) – Last week, US’s Federal Reserve announced to raise its interest rate by 25 basis points at June’s rate meeting, and the rise, the second of the year, was in line with market estimation, generating little market response. This week, base metals are expected to diverge. 

 

LME 3-M (USD/mt)

SHFE 3-M (RMB/mt)

Copper

5650-5750

45000-46000

Aluminum

1850-1890

13300-13650

Zinc

2450-2550

20600-21500

Lead

2075-2130

16800-17600

Tin

18600-19600

142500-146000

Nickel

8750-9000

72000-74500

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