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SMM Price Outlook for Base Metals on SHFE (Jul. 6, 2017)
Jul 6, 2017 09:07Source: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.
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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.
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