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Home / Metal News / SMM Price Outlook for Base Metals on SHFE (Aug. 21, 2017)

SMM Price Outlook for Base Metals on SHFE (Aug. 21, 2017)

Aug 21, 2017 09:08

Source:SMM

On Last Friday’s night trading, base metals were mixed, with zinc and nickel outperforming others, and price divergence is expected to be continuing due to market fundamentals.

SHANGHAI, Aug. 21 (SMM) – On Last Friday’s night trading, base metals were mixed, with zinc and nickel outperforming others, and price divergence is expected to be continuing due to market fundamentals.

SMM Weekly Price Outlook for Base Metals on LME and SHFE (Aug. 21-25, 2017)

Product	Price Range
Copper	50,750-51,100
Aluminum	16,100-16,350
Lead	19,400-19,600
Zinc	26,050-26,450
Tin	143,000-146,000
Nickel	88,500-90,200

Unit: yuan/tonne

Source: SMM

Key Macroeconomic Indicators for Base Metal Prices (2017-8-21)

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Jul 20, 2017 09:38

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Jul. 20, 2017)

SMM Price Outlook for Base Metals on SHFE (Apr. 27, 2017)

Base metals are expected to stage range-bound trading on Thursday, with eyes on economic data from China and US, and interest rate meetings in Europe and Japan.

Apr 27, 2017 09:01

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Apr. 27, 2017)

SMM Price Outlook for Base Metals on SHFE (Apr. 18, 2017)

LME market will reopen on Tuesday, and eyes should be price support at lows on Tuesday, both on the LME and SHFE market.

Apr 18, 2017 09:11

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Apr. 18, 2017)

SMM Price Outlook for Base Metals on SHFE (Apr. 17, 2017)

LME market will remain closed on Monday for the Easter, and base metals, after staging volatile movements last Friday, are expected to keep diverging on Monday.

Apr 17, 2017 09:14

SMM Insight Industry

Key Macroeconomic Indicators for Base Metal Prices (2017-4-10)

China’s informal financing in March, M2 supply and new RMB loans in March and US March LMCI will be released today. Base metals are expected to consolidate at lows today. Some metals may plunge furthe

Apr 10, 2017 09:51

SMM Comments

Key Macroeconomic Indicators for Base Metal Prices (2017-4-10)

CME Group reports a record first-quarter Metals ADV of 512,000 contracts

CME Group has reported that March 2017 average daily volume (ADV) reached 16.9 million contracts, up 18 percent from a March 2016.

Apr 5, 2017 09:44

Industry

CME Group reports a record first-quarter Metals ADV of 512,000 contracts

SMM Weekly Price Outlook for Base Metals on LME and SHFE (Apr. 3-7, 2017)

In the coming week, SHFE will see a shorter trading week for the 2017 Chinese Qingming Festival from Apr. 2-4.

Apr 1, 2017 18:20

SMM Insight Industry

Base Metals to Diverge, SMM Says

Base metal prices on the SHFE are expected to diverge on Friday, Shanghai Metals Market foresees.

Dec 9, 2016 09:15

SMM Insight Industry

Volatility to Grow in Base Metals, SMM Says

Base metal prices on the SHFE are expected to be volatile on Thursday, Shanghai Metals Market foresees.

Dec 8, 2016 09:14

SMM Insight Industry

Base Metals to Swing in Wide Range, SMM Says

Base metal prices on the SHFE are expected to trade in a wide range this week, Shanghai Metals Market predicts.

Dec 5, 2016 09:18

SMM Insight Industry

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SMM Price Outlook for Base Metals on SHFE (Aug. 21, 2017)

SMM Events & Webinars

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo