SHANGHAI, Jul. 26 (SMM) – On Tuesday’s night trading, base metals extended gains seen in daily trading hours, with copper outshining. The rising strength is estimated to be continuing on Wednesday.
SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jul. 24-28, 2017)
Product |
Price Range |
Copper |
49,300-49,800 |
Aluminum |
14,530-14,680 |
Lead |
17,650-17,850 |
Zinc |
23,200-23,600 |
Tin |
146,500-148,000 |
Nickel |
80,800-82,500 |
Unit: yuan/tonne
Source: SMM
Key Macroeconomic Indicators for Base Metal Prices (2017-7-26)
Note: Prices all above are for most-actively traded contract on the SHFE.
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