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SMM Price Outlook for Base Metals on SHFE (Aug. 10, 2017)

iconAug 10, 2017 09:18
Source:SMM
On Wednesday’s night trading, base metals finished mixed, and SHFE copper and aluminum fell back in night trading after surging to nearly 5-year high in daily trading.

SHANGHAI, Aug. 10 (SMM) – On Wednesday’s night trading, base metals finished mixed, and SHFE copper and aluminum fell back in night trading after surging to nearly 5-year high in daily trading. Price may challenge higher.  

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

Product

Price Range

Copper

50,650-51,100

Aluminum

16,000-16,250

Lead

19,150-19,550

Zinc

24,100-24,600

Tin

146,000-147,500

Nickel

87,350-88,500

Unit: yuan/tonne

Source: SMM

Key Macroeconomic Indicators for Base Metal Prices (2017-8-10)

Note: Prices all above are for most-actively traded contract on the SHFE.

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