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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
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.

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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