SMM Price Outlook for Base Metals on SHFE (Jun. 28, 2017)

Published: Jun 28, 2017 09:10

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After the dollar depreciated, base metals finished up across the board on Tuesday’s night trading except tin.

SHANGHAI, Jun. 28 (SMM) – After the dollar depreciated, base metals finished up across the board on Tuesday’s night trading except tin. On Wednesday, eyes should be on changes in US’s two inventory reports.

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

Product	Price Range
Copper	46,600-47,000
Aluminum	13,850-14,000
Lead	17,200-17,500
Zinc	22,290-22,650
Tin	143,000-144,000
Nickel	75,300-76,500

Unit: yuan/tonne

Source: SMM

Note: Prices all above are for most-actively traded contract on the SHFE.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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