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

iconAug 29, 2017 09:13
Source: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.

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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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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