SMM Price Outlook for Base Metals on SHFE (Aug. 30, 2017)

Published: Aug 30, 2017 09:11

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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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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.

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