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SMM Weekly Price Outlook for Base Metals on LME and SHFE (Aug. 14-18, 2017)
Aug 14, 2017 09:46Source:SMM
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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