SMM Price Outlook for Base Metals on SHFE (Aug. 1, 2017)

Published: Aug 1, 2017 09:11

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On Monday’s night trading, base metals lacked the rising strength, with LME base metals outperforming SHFE ones.

SHANGHAI, Aug. 1 (SMM) – On Monday’s night trading, base metals lacked the rising strength, with LME base metals outperforming SHFE ones. The dollar refreshed a one-year low.

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

Product	Price Range
Copper	50,350-50,850
Aluminum	14,380-14,500
Lead	18,200-18,500
Zinc	23,110-23,330
Tin	149,000-150,000
Nickel	82,000-83,200

Unit: yuan/tonne

Source: SMM

Key Macroeconomic Indicators for Base Metal Prices (2017-8-1)

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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