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Home / Metal News / SMM Price Outlook for Base Metals on SHFE (Jul. 31, 2017)

SMM Price Outlook for Base Metals on SHFE (Jul. 31, 2017)

iconJul 31, 2017 09:13
Source:SMM
On last Friday’s night trading, base metals diverged further, with nickel and lead extending gains, and price divergence is expected to be continuing on Monday.  

SHANGHAI, Jul. 31 (SMM) – On last Friday’s night trading, base metals diverged further, with nickel and lead extending gains, and price divergence is expected to be continuing on Monday.  

SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jul. 31-Aug. 4, 2017)

Product

Price Range

Copper

49,950-50,300

Aluminum

14,230-14,400

Lead

18,050-18,250

Zinc

22,900-23,230

Tin

148,000-151,000

Nickel

82,000-83,500

Unit: yuan/tonne

Source: SMM

Key Macroeconomic Indicators for Base Metal Prices (2017-7-31)

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

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

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