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SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jun. 19-23, 2017)
Jun 19, 2017 10:25Source: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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