SMM Price Outlook for Base Metals on SHFE (Aug. 22, 2017)

Published: Aug 22, 2017 09:03

Save

On Monday’s night trading, base metals were split, with most ending up. Caution should be paid to possible fallback.

SHANGHAI, Aug. 22 (SMM) – On Monday’s night trading, base metals were split, with most ending up. Caution should be paid to possible fallback.

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

Product	Price Range
Copper	51,600-52,000
Aluminum	16,380-16,600
Lead	19,400-19,650
Zinc	26,000-26,480
Tin	143,000-146,000
Nickel	91,200-92,600

Unit: yuan/tonne

Source: SMM

Key Macroeconomic Indicators for Base Metal Prices (2017-8-22)

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

base metals base metal prices base metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

18 mins ago

Spot Premiums Weakened on the Last Trading Day of March [SMM North China Spot Copper]

Today, spot #1 copper cathode in North China was quoted at discounts of 120–60 yuan/mt against the front-month contract, with the average price down 20 yuan/mt from the previous trading day, and the average transaction price up 385 yuan/mt from the previous trading day to 95,565 yuan/mt.

18 mins ago

1 hour ago

Copper Cathode Rod Operating Rates Rebound, Slowing Destocking as Prices Rise【SMM Analysis】

1 hour ago

Recycled Brass Raw Materials Prices Remained Elevated, Cost Pressure on Copper Billet Enterprises Became More Pronounced

[SMM Brass Bar Flash News] As of the week ending March 27, the weekly CIF China quotation for US brass scrap had risen to $7,750/mt. Recycled brass raw materials prices continued to stay high, and overall spot availability in the market remained tight. High raw material costs made brass billet enterprises more cautious in their procurement strategies, with stockpiling willingness weakening significantly.

1 hour ago