SMM Weekly Price Outlook for Base Metals on LME and SHFE (Sept. 11-15, 2017)

Published: Sep 13, 2017 09:45
Base metals advanced early last week, but tumbled in late week. This week, prices are expected to fall initially and then rise.

SHANGHAI, Sept. 13 (SMM) - Base metals advanced early last week, but tumbled in late week. This week, prices are expected to fall initially and then rise.

 

LME 3-M (USD/mt)

SHFE 3-M (RMB/mt)

Copper

6,700-6,870

51,000-52,500

Aluminum

2,065-2,115

15,600-16,200

Zinc

3,050-3,150

24,000-25,000

Lead

2,260-2,330

18,500-19,050

Tin

20,500-20,900

143,000-146,500

Nickel

11,750-12,300

91,500-96,000

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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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SMM Weekly Price Outlook for Base Metals on LME and SHFE (Sept. 11-15, 2017) - Shanghai Metals Market (SMM)