SMM Price Outlook for Base Metals on SHFE (Jul. 27, 2017)

Published: Jul 27, 2017 09:07

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On Wednesday’s night trading, the rising momentum in base metal market waned, with mixed price movement reported.

SHANGHAI, Jul. 27 (SMM) – On Wednesday’s night trading, the rising momentum in base metal market waned, with mixed price movement reported. Price fallback is expected to be seen after sharp rallies.

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

Product	Price Range
Copper	50,000-50,500
Aluminum	14,400-14,560
Lead	17,900-18,050
Zinc	23,090-23,340
Tin	147,500-148,500
Nickel	80,500-82,300

Unit: yuan/tonne

Source: SMM

Key Macroeconomic Indicators for Base Metal Prices (2017-7-27)

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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