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Home / Metal News / SMM Price Outlook for Base Metals on SHFE (Aug. 4, 2017)

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

iconAug 4, 2017 09:10
Source: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.

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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