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

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

iconJul 17, 2017 10:46
Source:SMM
Last week, base metals advanced across the board with aluminum leading gains following cut news in Shandong.

SHANGHAI, Jul. 17 (SMM) – Last week, base metals advanced across the board with aluminum leading gains following cut news in Shandong.

Despite fallback from highs and profit-taking by longs, base metals are expected to trade at highs, citing positive economic data and technical indicators.

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

 

LME 3-M (USD/mt)

SHFE 3-M (RMB/mt)

Copper

5830-5950

46500-47500

Aluminum

1900~1945

14150-14500

Zinc

2730-2830

22500-23200

Lead

2250-2310

17450-17850

Tin

19500-20200

142500-145000

Nickel

9100-9450

75200-77200

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

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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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

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