SMM Price Outlook for Base Metals on SHFE (Aug. 9, 2017)

Published: Aug 9, 2017 09:11

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On Tuesday’s night trading, base metals closed up, especially aluminum, zinc and nickel, and on Wednesday, SMM will follow up reports on the impact from earth quake in Sichuan and Xinjiang.

SHANGHAI, Aug. 9 (SMM) – On Tuesday’s night trading, base metals closed up, especially aluminum, zinc and nickel, and on Wednesday, SMM will follow up reports on the impact from earth quake in Sichuan’s Jiuzhaigou and Xinjiang’s Jinghe.

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

Product	Price Range
Copper	51,000-51,500
Aluminum	16,100-16,250
Lead	19,300-19,700
Zinc	23,730-24,500
Tin	146,000-148,000
Nickel	87,600-89,200

Unit: yuan/tonne

Source: SMM

Key Macroeconomic Indicators for Base Metal Prices (2017-8-9)

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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