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Home / Metal News / SMM Price Outlook for Base Metals on SHFE (Jul. 4, 2017)

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

iconJul 4, 2017 09:12
Source: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.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

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