SMM Price Outlook for Base Metals on SHFE (Jul. 4, 2017)

Published: Jul 4, 2017 09:12

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Base metals mostly finished higher on Monday’s night trading despite a rising dollar, and prices are expected to hover at highs on Tuesday.

SHANGHAI, Jul. 4 (SMM) – Base metals mostly finished higher on Monday’s night trading despite a rising dollar, and prices are expected to hover at highs on Tuesday. Copper will be exposed to downward risks given a surge in LME copper inventories.

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

Product	Price Range
Copper	47,100-47,500
Aluminum	14,000-14,160
Lead	18,100-18,300
Zinc	22,900-23,230
Tin	145,300-146,500
Nickel	76,200-77,400

Unit: yuan/tonne

Source: SMM

Key Macroeconomic Indicators for Base Metal Prices (2017-7-4)

Note: Prices all above are for most-actively traded contract on the SHFE.

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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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