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SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jul. 10-14, 2017)
Jul 11,2017 10:08CST
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Source:SMM
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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