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SMM Price Outlook for Base Metals on SHFE (Aug. 9, 2017)
Aug 9, 2017 09:11On 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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