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SMM Price Outlook for Base Metals on SHFE (Aug. 30, 2017)
Aug 30, 2017 09:11Source:SMM
On Tuesday’s night trading, SHFE base metals mostly finished lower, except lead, and in the short run, SHFE base metals are expected to hover at highs, with price divergence to be continuing.
SHANGHAI, Aug. 30 (SMM) – On Tuesday’s night trading, SHFE base metals mostly finished lower, except lead, and in the short run, SHFE base metals are expected to hover at highs, with price divergence to be continuing.
On Wednesday, eyes should be on the impact on dollar from US’s key economic data results.
|
Product |
Price Range |
|
Copper |
52,500-52,950 |
|
Aluminum |
16,200-16,550 |
|
Lead |
19,200-19,550 |
|
Zinc |
25,300-25,750 |
|
Tin |
143,000-145,200 |
|
Nickel |
92,800-93,800 |
Unit: yuan/tonne
Source: SMM
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