SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jun. 26-30, 2017)-Shanghai Metals Market

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SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jun. 26-30, 2017)

SMM Insight 09:41:45AM Jun 26, 2017 Source:SMM

SHANGHAI, Jun. 26 (SMM) – Last week, base metals fell at first, and then rallied, and prices were split due to difference in fundamentals, with lead and zinc outshining others. This week, futures market is expected to outperform spot market, and liquidity pressure in mid-year will weigh on the market.

 

LME 3-M (USD/mt)

SHFE 3-M (RMB/mt)

Copper

5670-5880

45500-47000

Aluminum

1860-1885

13750-13950

Zinc

2660-2770

21500-22800

Lead

2100-2210

17300-17800

Tin

18600-19900

141000-146000

Nickel

8950-9300

74200-76500

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. 26-30, 2017)

SMM Insight 09:41:45AM Jun 26, 2017 Source:SMM

SHANGHAI, Jun. 26 (SMM) – Last week, base metals fell at first, and then rallied, and prices were split due to difference in fundamentals, with lead and zinc outshining others. This week, futures market is expected to outperform spot market, and liquidity pressure in mid-year will weigh on the market.

 

LME 3-M (USD/mt)

SHFE 3-M (RMB/mt)

Copper

5670-5880

45500-47000

Aluminum

1860-1885

13750-13950

Zinc

2660-2770

21500-22800

Lead

2100-2210

17300-17800

Tin

18600-19900

141000-146000

Nickel

8950-9300

74200-76500

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.