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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

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