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

Published: Aug 3, 2017 09:09

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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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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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