SMM Weekly Price Outlook for Base Metals on LME and SHFE (Sept. 4-8, 2017)

Published: Sep 4, 2017 13:37

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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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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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