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