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SMM Price Outlook for Base Metals on SHFE (Aug. 23, 2017)

iconAug 23, 2017 09:07
On Tuesday’s night trading, base metals remained mixed, and price divergence is expected to be continuing.

SHANGHAI, Aug. 23 (SMM) – On Tuesday’s night trading, base metals remained mixed, and price divergence is expected to be continuing.

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

Product

Price Range

Copper

51,500-52,000

Aluminum

16,100-16,400

Lead

19,600-19,900

Zinc

25,650-26,150

Tin

Test support at 141,000

Nickel

91,300-92,700

Unit: yuan/tonne

Source: SMM

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

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