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Home / Metal News / SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jul. 3-7, 2017)

SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jul. 3-7, 2017)

Jul 3, 2017 09:57

Source:SMM

Last week, SHFE base metals, guided by LME market, advanced after the US dollar hit a new low in 9 months.

SHANGHAI, Jul. 3 (SMM) – Last week, SHFE base metals, guided by LME market, advanced after the US dollar hit a new low in 9 months. This week, base metals are expected to hover at highs, with caution on speculative risks at highs, and spot trading is also expected to improve.

	LME 3-M (USD/mt)	SHFE 3-M (RMB/mt)
Copper	5800-5980	46000-48000
Aluminum	1880-1920	13750-14050
Zinc	2680-2820	21800-23000
Lead	2270-2310	17600-18200
Tin	19400-20600	141000-146000
Nickel	9100-9400	75200-77500

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Feb 26, 2018 09:39

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Data: China's base metals import, export in Jan

LME Aluminum to Find Support from Weaker Dollar (2017-5-18)

LME aluminum will find support from a weaker US dollar, but will meet strong resistance at USD 1,930/mt and should move at USD 1,917-1,935/mt today.

May 18, 2017 09:40

SMM Comments

LME Aluminum to Find Support from Weaker Dollar (2017-5-18)

SMM Price Outlook for Base Metals on SHFE (May 17, 2017)

Base metals rallied after falling in overnight trading, but price resistance remained big. Base metals are expected to keep diverging on Wednesday.

May 17, 2017 09:16

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (May 17, 2017)

SMM Price Outlook for Base Metals on SHFE (May 8, 2017)

Base metals mostly finished higher last Friday’s night trading, but still met resistance at higher prices. The further rising momentum will be small, with price divergence expected among them.

May 8, 2017 09:07

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (May 8, 2017)

SMM Price Outlook for Base Metals on SHFE (Apr. 20, 2017)

Base metals overnight largely closed higher, but the struggles between longs and shorts remain intense. On Thursday, the market expected to show range-bound trading.

Apr 20, 2017 09:07

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Apr. 20, 2017)

SMM Price Outlook for Base Metals on SHFE (Apr. 18, 2017)

LME market will reopen on Tuesday, and eyes should be price support at lows on Tuesday, both on the LME and SHFE market.

Apr 18, 2017 09:11

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Apr. 18, 2017)

SMM Price Outlook for Base Metals on SHFE (Apr. 17, 2017)

LME market will remain closed on Monday for the Easter, and base metals, after staging volatile movements last Friday, are expected to keep diverging on Monday.

Apr 17, 2017 09:14

SMM Insight Industry

CME Group reports a record first-quarter Metals ADV of 512,000 contracts

CME Group has reported that March 2017 average daily volume (ADV) reached 16.9 million contracts, up 18 percent from a March 2016.

Apr 5, 2017 09:44

Industry

CME Group reports a record first-quarter Metals ADV of 512,000 contracts

SMM Weekly Price Outlook for Base Metals on LME and SHFE (Apr. 3-7, 2017)

In the coming week, SHFE will see a shorter trading week for the 2017 Chinese Qingming Festival from Apr. 2-4.

Apr 1, 2017 18:20

SMM Insight Industry

Base Metals to Trade in Wide Range, SMM Says

Base metal prices on the SHFE are expected to swing this week, Shanghai Metals Market predicts.

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SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jul. 3-7, 2017)

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