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

iconJul 24, 2017 13:26
Source:SMM
Last week, base metals gathered rising strength after the dollar hit a low since last August, but later fell back after meeting resistance.

SHANGHAI, Jul. 24 (SMM) – Last week, base metals gathered rising strength after the dollar hit a low since last August, but later fell back after meeting resistance. This week, longs in base metal market are expected to keep trying higher prices.

China Base Metal Output Data in June 2017, SMM Exclusive Data

 

LME 3-M (USD/mt)

SHFE 3-M (RMB/mt)

Copper

5930-6100

47300-48500

Aluminum

1910-1945

14300-14550

Zinc

2730-2800

22500-23000

Lead

2200-2235

17200-17650

Tin

19800-20200

143500-147600

Nickel

9350-9650

76200-78500

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

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