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Home / Metal News / SMM Price Outlook for Base Metals on SHFE (Jul. 5, 2017)

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

iconJul 5, 2017 09:12
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.

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

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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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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