SMM Price Outlook for Base Metals on SHFE (Aug. 29, 2017)

Published: Aug 29, 2017 09:13

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On Monday’s night trading, SHFE base metals mostly closed higher, with SHFE nickel leading gains up by nearly 2 per cent, and SHFE copper hitting a new high.

SHANGHAI, Aug. 29 (SMM) – On Monday’s night trading, SHFE base metals mostly closed higher, with SHFE nickel leading gains up by nearly 2 per cent, and SHFE copper hitting a new high. Prices are expected to keep fluctuating in the short term.

Product	Price Range
Copper	52,400-52,900
Aluminum	16,350-16,600
Lead	18,900-19,450
Zinc	25,550-26,000
Tin	143,000-145,000
Nickel	94,500-95,500

Unit: yuan/tonne

Source: SMM

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