SMM Weekly Price Outlook for Base Metals on LME and SHFE (Aug. 14-18, 2017)

Published: Aug 14, 2017 09:46

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This week, base metals are expected to stage price corrections, and shorts may enter.

SHANGHAI, Aug. 14 (SMM) – Last week, base metals surged across the board amid strong bullish sentiment earlier this past week, but later lost some grounds as longs booked profits. This week, base metals are expected to stage price corrections, and shorts may enter.

	LME 3~M (USD/mt)	SHFE 3~M (RMB/mt)
Copper	6300~6430	49500~50500
Aluminum	1970~2030	15750~16200
Zinc	2860~2960	23650~24500
Lead	2320~2380	18800~19500
Tin	20200~20500	145000~147500
Nickel	10550~11200	85000~89000

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