SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jul. 10-14, 2017)

Published: Jul 11, 2017 10:08

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Last week, base metals fell back due to rallying US dollar and Chinese yuan’s depreciation, with nickel leading the losses.

SHANGHAI, Jul. 11 (SMM) – Last week, base metals fell back due to rallying US dollar and Chinese yuan’s depreciation, with nickel leading the losses. This week, base metals are estimated to diverge on different market fundamentals.

China Base Metal Output Data in June 2017, SMM Exclusive Data

	LME 3-M (USD/mt)	SHFE 3-M (RMB/mt)
Copper	5800-5900	46500-47500
Aluminum	1915-1955	14100-14350
Zinc	2720-2800	22400-23000
Lead	2225-2300	17500-17800
Tin	19500-20600	141000-146000
Nickel	8850-9200	73200-75500

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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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