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Home / Metal News / SMM Price Outlook for Base Metals on SHFE (Jul. 17, 2017)

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

iconJul 17, 2017 09:24
Source:SMM
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.

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