SMM Price Outlook for Base Metals on SHFE (Aug. 4, 2017)

Published: Aug 4, 2017 09:10

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On Thursday’s night trading, base metals were mixed at the closing, and the market is likely to be closely related to the dollar in the short run.

SHANGHAI, Aug. 4 (SMM) – On Thursday’s night trading, base metals were mixed at the closing, and the market is likely to be closely related to the dollar in the short run.

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

Product	Price Range
Copper	50,000-50,500
Aluminum	14,600-14,760
Lead	18,450-18,700
Zinc	23,120-23,500
Tin	147,000-148,500
Nickel	84,200-85,500

Unit: yuan/tonne

Source: SMM

Key Macroeconomic Indicators for Base Metal Prices (2017-8-4)

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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