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SMM Price Outlook for Base Metals on SHFE (Jul. 4, 2017)
Jul 4, 2017 09:12Source: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.
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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