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SMM Price Outlook for Base Metals on SHFE (Sept. 4, 2017)
Sep 4, 2017 09:15Source:SMM
On last Friday’s night trading, the dollar advanced after falling first, and base metals registered the big gains, with SHFE aluminum and nickel hitting recent highs.
SHANGHAI, Sept. 4 (SMM) – On last Friday’s night trading, the dollar advanced after falling first, and base metals registered the big gains, with SHFE aluminum and nickel hitting recent highs. Base metals are expected to hover at highs before the 19th CPC National Congress in October.
|
Product |
Price Range |
|
Copper |
52,800-53,250 |
|
Aluminum |
16,700-17,000 |
|
Lead |
19,400-19,700 |
|
Zinc |
26,000-26,450 |
|
Tin |
147,000-148,500 |
|
Nickel |
95,500-96,300 |
Unit: yuan/tonne
Source: SMM
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