SMM Price Outlook for Base Metals on SHFE (Jul. 17, 2017)

Published: Jul 17, 2017 09:24

Save

On last Friday’s night trading, the dollar was hit by several negative factors, and base metals were mixed, with nickel outperforming others.

SHANGHAI, Jul. 17 (SMM) – On last Friday’s night trading, the dollar was hit by several negative factors, and base metals were mixed, with nickel outperforming others. On Monday, eyes should be on economic data from China and US.

SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jul. 17-21, 2017)

Product	Price Range
Copper	47,200-47,500
Aluminum	14,300-14,450
Lead	17,650-17,850
Zinc	22,700-23,100
Tin	143,000-144,500
Nickel	77,200-78,700

Unit: yuan/tonne

Source: SMM

Key Macroeconomic Indicators for Base Metal Prices (2017-7-17)

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.

base metals base metal prices base metal price forecast

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

6 hours ago

Falling Copper Prices Spurred Downstream Buyers to Replenish Inventories; Overall Trading This Week Was Better Than Last Week [SMM South China Spot Copper Cathode Weekly Review]

6 hours ago

Most-Traded BC Copper Contract Closed Down 0.16% as Inflation Concerns and High Inventories Weighed on Prices [SMM BC Copper Commentary]

6 hours ago

7 hours ago

Jin Chengxin Secures $166M Contract for Jiangxi Copper's Underground Development Project

Jin Chengxin announced that the company had undertaken the underground copper system development works (Section II) for the -578 m level and -678 m level of Jiangxi Copper Corporation Group Yinshan Mining Co., Ltd. The contract was a lump-sum contract, with a signing amount of approximately 166 million yuan (excluding tax). The total contract duration was 1,651 calendar days, and it was expected to run from March 5, 2026 to September 10, 2030.

7 hours ago