SMM Price Outlook for Base Metals on SHFE (Sept. 15, 2017)

Published: Sep 15, 2017 09:09

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The surge in inventories and China’s disappointing economic data dented market sentiment. If inventories keep growing, market sentiment in base metals market will hardly improve.

SHANGHAI, Sept. 15 (SMM) – The surge in inventories and China’s disappointing economic data dented market sentiment. If inventories keep growing, market sentiment in base metals market will hardly improve.

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

Product	Price Range
Copper	50,200-50,600
Aluminum	16,400-16,600
Lead	19,800-20,000
Zinc	24,500-24,900
Tin	144,000-146,000
Nickel	88,500-89,500

Unit: yuan/tonne

Source: SMM

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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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