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SMM Weekly Price Outlook for Base Metals on LME and SHFE (Sept. 4-8, 2017)
Sep 4, 2017 13:37Source:SMM
Last week, domestic commodity market remained strong, but diverged. A traditionally peak demand season of September and October is coming, growing market expectations over downstream consumption.
SHANGHAI, Sept. 4 (SMM) – Last week, domestic commodity market remained strong, but diverged. A traditionally peak demand season of September and October is coming, growing market expectations over downstream consumption. Base metals will remain bullish after brief corrections.
|
LME 3-M (USD/mt) |
SHFE 3-M (RMB/mt) |
|
|
Copper |
6,750-6,900 |
52,400-53,400 |
|
Aluminum |
2,120-2,180 |
16,500-17,000 |
|
Zinc |
3,080-3,180 |
25,400-26,400 |
|
Lead |
2,350-2,450 |
19,300-19,650 |
|
Tin |
20,000-20,900 |
145,000-148,500 |
|
Nickel |
11,300-11,850 |
91,500-94,800 |
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