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Home / Metal News / SMM Price Outlook for Base Metals on SHFE (Aug. 2, 2017)

SMM Price Outlook for Base Metals on SHFE (Aug. 2, 2017)

iconAug 2, 2017 09:08
On Tuesday’s night trading, base metals were split, with lead and nickel outperforming others, and price divergence is expected to be continuing on Wednesday.

SHANGHAI, Aug. 2 (SMM) – On Tuesday’s night trading, base metals were split, with lead and nickel outperforming others, and price divergence is expected to be continuing on Wednesday.

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

 

Product

Price Range

Copper

50,000-50,450

Aluminum

14,380-14,500

Lead

18,100-18,400

Zinc

22,880-23,180

Tin

145,500-147,500

Nickel

82,000-83,200

Unit: yuan/tonne

Source: SMM

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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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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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