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

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