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SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jul. 3-7, 2017)
Jul 3, 2017 09:57Source: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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