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SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jul. 24-28, 2017)
Jul 24, 2017 13:26Source: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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