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SMM Price Outlook for Base Metals on SHFE (Jul. 18, 2017)

iconJul 18, 2017 09:16
On Monday’s night trading, the dollar refreshed a low, but market confidence did not recover, with mixed movements in base metals.

SHANGHAI, Jul. 18 (SMM) – On Monday’s night trading, the dollar refreshed a low, but market confidence did not recover, with mixed movements in base metals.

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

Product

Price Range

Copper

47,700-48,100

Aluminum

14,360-14,500

Lead

17,700-17,900

Zinc

23,000-23,400

Tin

143,500-145,850

Nickel

78,500-80,000

Unit: yuan/tonne

Source: SMM

Key Macroeconomic Indicators for Base Metal Prices (2017-7-18)

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

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