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

Published: Jul 21, 2017 09:10

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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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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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