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

Published: Aug 7, 2017 10:13

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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 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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