SMM Price Outlook for Base Metals on SHFE (Jul. 6, 2017)

Published: Jul 6, 2017 09:07

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Base metals weakened across the board on Wednesday’s night trading except aluminum, which got a boost from cut news in Xinjiang.

SHANGHAI, Jul. 6 (SMM) – Base metals weakened across the board on Wednesday’s night trading except aluminum, which got a boost from cut news in Xinjiang, and eyes should be on price support at lows on Thursday.

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

Product	Price Range
Copper	46,650-46,950
Aluminum	14,100-14,360
Lead	17,300-17,500
Zinc	22,530-22,930
Tin	143,500-145,000
Nickel	74,500-75,500

Unit: yuan/tonne

Source: SMM

Key Macroeconomic Indicators for Base Metal Prices (2017-7-6)

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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