SMM Price Outlook for Base Metals on SHFE (Aug. 7, 2017)

Published: Aug 7, 2017 09:09

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On last Friday’s night trading, LME base metals was greatly affected by a rallying dollar, and finally closed mixed. Monday will see a light data calendar.

SHANGHAI, Aug. 7 (SMM) – On last Friday’s night trading, LME base metals was greatly affected by a rallying dollar, and finally closed mixed. Monday will see a light data calendar.

SMM Weekly Price Outlook for Base Metals on LME and SHFE (Aug. 7-11, 2017)

Product	Price Range
Copper	50,200-50,700
Aluminum	14,730-14,900
Lead	18,550-18,750
Zinc	23,210-23,650
Tin	146,700-148,000
Nickel	84,300-85,400

Unit: yuan/tonne

Source: SMM

Key Macroeconomic Indicators for Base Metal Prices (2017-8-7)

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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