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

iconAug 7, 2017 10:13
Last week, base metals stayed on the rising track after brief corrections, with price gains varying one from another. Market sentiment remains positive in base metals market.

SHANGHAI, Aug. 7 (SMM) – Last week, base metals stayed on the rising track after brief corrections, with price gains varying one from another. Market sentiment remains positive in base metals market.

 

LME 3-M (USD/mt)

      SHFE 3-M               (RMB/mt)

Copper

6260~6400

49650~50500

Aluminum

1900~1930

14550~14950

Zinc

2780~2850

23000~23800

Lead

2300~2400

18250~18800

Tin

20200~20900

146500~151500

Nickel

10200~10550

83500~86000

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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.

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