SMM Price Outlook for Base Metals on SHFE (Jul. 5, 2017)

Published: Jul 5, 2017 09:12

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Base metals fell at first, and then rallied, with mostly ending lower on Tuesday’s night trading, and prices are expected to trade in current range, with divergence be continuing.

SHANGHAI, Jul. 5 (SMM) – Base metals fell at first, and then rallied, with mostly ending lower on Tuesday’s night trading, and prices are expected to trade in current range, with divergence be continuing.

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

Product	Price Range
Copper	47,000-47,400
Aluminum	14,050-14,235
Lead	17,650-17,850
Zinc	22,800-23,130
Tin	144,200-145,500
Nickel	74,700-75,900

Unit: yuan/tonne

Source: SMM

Key Macroeconomic Indicators for Base Metal Prices (2017-7-5)

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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