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

Published: Jul 17, 2017 09:24

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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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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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