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

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

iconAug 14, 2017 09:46
Source: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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