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

Published: Jul 3, 2017 09:57

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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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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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