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Home / Metal News / SMM Price Outlook for Base Metals on SHFE (Aug. 3, 2017)

SMM Price Outlook for Base Metals on SHFE (Aug. 3, 2017)

iconAug 3, 2017 09:09
Source:SMM
On Wednesday’s night trading, base metals closed higher thanks to a weaker dollar, with copper and tin underperforming others.

SHANGHAI, Aug. 3 (SMM) – On Wednesday’s night trading, base metals closed higher thanks to a weaker dollar, with copper and tin underperforming others, and market is likely to challenge high.

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

Product

Price Range

Copper

50,050-50,500

Aluminum

14,760-14,900

Lead

18,300-18,600

Zinc

22,980-23,420

Tin

146,000-148,000

Nickel

82,500-83,500

Unit: yuan/tonne

Source: SMM

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

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