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Home / Metal News / SMM Price Outlook for Base Metals on SHFE (Jul. 21, 2017)

SMM Price Outlook for Base Metals on SHFE (Jul. 21, 2017)

Jul 21, 2017 09:10

Source:SMM

On Thursday’s night trading, LME base metals were mixed while SHFE base metals fell across the board, and prices are estimated to remain in corrections on Friday.

SHANGHAI, Jul. 21 (SMM) – On Thursday’s night trading, LME base metals were mixed while SHFE base metals fell across the board, and prices are estimated to remain in corrections on Friday.

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

Product	Price Range
Copper	47,600-47,900
Aluminum	14,330-14,490
Lead	17,200-17,350
Zinc	22,520-22,930
Tin	145,000-146,500
Nickel	77,200-78,500

Unit: yuan/tonne

Source: SMM

Note: Prices all above are for most-actively traded contract on the SHFE.

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Feb 26, 2018 09:39

Analysis

Data: China's base metals import, export in Jan

SMM Price Outlook for Base Metals on SHFE (Jul. 20, 2017)

On Wednesday’s night trading, the dollar stopped falling, but a weak dollar is expected to be remain, and base metals will keep fluctuating.

Jul 20, 2017 09:38

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Jul. 20, 2017)

SMM Price Outlook for Base Metals on SHFE (Apr. 20, 2017)

Base metals overnight largely closed higher, but the struggles between longs and shorts remain intense. On Thursday, the market expected to show range-bound trading.

Apr 20, 2017 09:07

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Apr. 20, 2017)

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

LME market will reopen on Tuesday, and eyes should be price support at lows on Tuesday, both on the LME and SHFE market.

Apr 18, 2017 09:11

SMM Insight Industry

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

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

LME market will remain closed on Monday for the Easter, and base metals, after staging volatile movements last Friday, are expected to keep diverging on Monday.

Apr 17, 2017 09:14

SMM Insight Industry

CME Group reports a record first-quarter Metals ADV of 512,000 contracts

CME Group has reported that March 2017 average daily volume (ADV) reached 16.9 million contracts, up 18 percent from a March 2016.

Apr 5, 2017 09:44

Industry

CME Group reports a record first-quarter Metals ADV of 512,000 contracts

SMM Weekly Price Outlook for Base Metals on LME and SHFE (Apr. 3-7, 2017)

In the coming week, SHFE will see a shorter trading week for the 2017 Chinese Qingming Festival from Apr. 2-4.

Apr 1, 2017 18:20

SMM Insight Industry

Base Metals to Diverge, SMM Says

Base metal prices on the SHFE are expected to diverge on Friday, Shanghai Metals Market foresees.

Dec 9, 2016 09:15

SMM Insight Industry

Volatility to Grow in Base Metals, SMM Says

Base metal prices on the SHFE are expected to be volatile on Thursday, Shanghai Metals Market foresees.

Dec 8, 2016 09:14

SMM Insight Industry

Base Metals to Swing in Wide Range, SMM Says

Base metal prices on the SHFE are expected to trade in a wide range this week, Shanghai Metals Market predicts.

Dec 5, 2016 09:18

SMM Insight Industry

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SMM Price Outlook for Base Metals on SHFE (Jul. 21, 2017)

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 (10th) China International New Energy Industry Expo