SMM Price Outlook for Base Metals on SHFE (Sept. 4, 2017)

Published: Sep 4, 2017 09:15

Save

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 19^th 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

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

base metals base metal prices base metal price forecast

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

High-Grade NPI Prices Stay Elevated Post-Holiday, Narrowing Discount with Refined Nickel

[SMM Nickel Flash] After the holiday, refined nickel prices pulled back, while high-grade NPI prices remained elevated, and the average discount of high-grade NPI versus refined nickel narrowed to 336.7 yuan/nickel unit. High-grade NPI prices are expected to still have upside room next week, while refined nickel prices are expected to decline MoM. The average discount of high-grade NPI versus refined nickel is expected to continue narrowing; however, supported by new energy orders, the conversion of NPI to high-grade nickel matte still has momentum.

3 hours ago

[SMM Analysis] SS Weekly Review: Geopolitical Shocks and Cost Inflation Drive Prices as Market Faces Peak Season Test

3 hours ago

SMM High-Grade NPI Price Rises 21.1 Yuan/Nickel Unit WoW, Trading Volume Increases as Mills Resume Operations

[SMM Nickel Flash] The average price of SMM 10-12% high-grade NPI rose WoW by 21.1 yuan/nickel unit to 1,092.6 yuan/nickel unit (ex-factory, tax included). The average price of the Indonesia NPI FOB Index rose WoW by $2.22/nickel unit to $138.54/nickel unit. As the festive atmosphere gradually faded, downstream steel mills resumed operations one after another, and high-grade NPI trading volume gradually increased.

3 hours ago