Industry Insiders Bullish over Base Metals in H2 2017-Shanghai Metals Market

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Industry Insiders Bullish over Base Metals in H2 2017

Industry News 10:30:31AM Aug 21, 2017 Source:SMM

SHANGHAI, Aug. 21 (SMM) – Industry insiders expect base metals prices to extend gains in the second half of this year, citing several positive factors.

SMM Morning News (2017-8-21): Zinc Replaces Aluminum as This Year’s Most Shinning Base Metal and More

Their optimism comes from strong Chinese economy, tighter environmental protection checks, as well as supply side reform.

UBS Raises Aluminum Price Forecast on More-than-Expected Closure in China

As of August 20, 51 nonferrous metals listed companies on Shanghai Stock Exchange and Shenzhen Stock Exchange had released half-year earnings reports, of which nearly 90% reported year-on-year growth in net profit. A total of 15 listed companies had released forecasts for Q3 earnings, all of which made positive forecasts.    

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

Key Words:  base metals prices 

Industry Insiders Bullish over Base Metals in H2 2017

Industry News 10:30:31AM Aug 21, 2017 Source:SMM

SHANGHAI, Aug. 21 (SMM) – Industry insiders expect base metals prices to extend gains in the second half of this year, citing several positive factors.

SMM Morning News (2017-8-21): Zinc Replaces Aluminum as This Year’s Most Shinning Base Metal and More

Their optimism comes from strong Chinese economy, tighter environmental protection checks, as well as supply side reform.

UBS Raises Aluminum Price Forecast on More-than-Expected Closure in China

As of August 20, 51 nonferrous metals listed companies on Shanghai Stock Exchange and Shenzhen Stock Exchange had released half-year earnings reports, of which nearly 90% reported year-on-year growth in net profit. A total of 15 listed companies had released forecasts for Q3 earnings, all of which made positive forecasts.    

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

Key Words:  base metals prices