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SMM Price Outlook for Base Metals on SHFE (Jul. 28, 2017)

iconJul 28, 2017 09:12
On Thursday’s night trading, base metals were mixed, with nickel and tin outperforming, and prices are expected to keep diverging on Friday.

SHANGHAI, Jul. 28 (SMM) – On Thursday’s night trading, base metals were mixed, with nickel and tin outperforming, and prices are expected to keep diverging on Friday.

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

Product

Price Range

Copper

49,950-50,450

Aluminum

14,400-14,530

Lead

18,000-18,250

Zinc

23,000-23,400

Tin

149,000-151,000

Nickel

81,500-83,000

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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