SMM Price Outlook for Base Metals on SHFE (Aug. 28, 2017)

Published: Aug 28, 2017 09:16

Save

On last Friday’s night trading, base metals fell back and registered obvious declines, except copper. Prices are expected to fluctuate at highs after fallback.

SHANGHAI, Aug. 28 (SMM) – On last Friday’s night trading, base metals fell back and registered obvious declines, except copper. Prices are expected to fluctuate at highs after fallbacks.

Product	Price Range
Copper	52,100-52,500
Aluminum	16,150-16,450
Lead	18,850-19,480
Zinc	25,300-25,750
Tin	142,000-144,500
Nickel	91,000-92,000

Unit: yuan/tonne

Source: SMM

Key Macroeconomic Indicators for Base Metal Prices (2017-8-28)

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 for 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

8 mins ago

Copper price pullback drives pricing demand; Shanghai spot copper premiums' decline temporarily eases [SMM Shanghai spot copper weekly review]

8 mins ago

37 mins ago

Data: SHFE, DCE market movement (Sep 11)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 11 Sep , 2026

37 mins ago

41 mins ago

Copper prices center shifted lower, end-use demand saw significant volume growth, and SHFE copper spot premiums stabilized slightly [SMM SHFE Copper Spot]

[SMM Shanghai Spot Copper] Looking ahead to next week, on the night of September 10, SHFE copper prices pulled back notably from the previous trading day, erasing all weekly gains. The SHFE copper 2609 contract mainly traded in the range of 109,000–109,700 yuan/mt. As the center of copper prices shifted lower, downstream pricing activity improved significantly. According to SMM, some processing enterprises conducted concentrated pricing during the night session, with overall pricing volume notably higher than the previous trading day. Driven by concentrated pricing, downstream raw material procurement demand was released simultaneously, and inquiries and transactions in the Shanghai spot copper cathode market improved markedly from the previous trading day. In addition, the import window rarely opened, and expectations for subsequent imported copper supply edged up. Next Tuesday is the delivery date for the SHFE copper 2609 contract, and after the contract rollover, spot copper quotes against SHFE copper are expected to remain at a high premium.

41 mins ago