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