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

Published: Jun 19, 2017 10:25

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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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