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Home / Metal News / SMM Price Outlook for Base Metals on SHFE (Jul. 6, 2017)

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

iconJul 6, 2017 09:07
Source:SMM
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.

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

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For queries, please contact Michael Jiang at michaeljiang@smm.cn

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