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SMM Price Outlook for Base Metals on SHFE (Jul. 24, 2017)

iconJul 24, 2017 09:18
Source:SMM
On Last Friday’s night trading, SHFE base metals were mixed while LME base metals finished in the positive territory despite across-the-board fallback.

SHANGHAI, Jul. 24 (SMM) – On Last Friday’s night trading, SHFE base metals were mixed while LME base metals finished in the positive territory despite across-the-board fallback, and prices are estimated to keep diverging on Monday.

SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jul. 24-28, 2017)

Product

Price Range

Copper

47,600-48,200

Aluminum

14,350-14,500

Lead

17,400-17,500

Zinc

22,640-22,030

Tin

145,000-146,500

Nickel

77,500-78,800

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

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