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Home / Metal News / SMM Weekly Price Outlook for Base Metals on LME and SHFE (Sept. 18-22, 2017)

SMM Weekly Price Outlook for Base Metals on LME and SHFE (Sept. 18-22, 2017)

iconSep 20, 2017 11:26
Source:SMM
Last week, base metals registered big declines due to a rally of US dollar and the surge in inventories of some products.

SHANGHAI, Sept. 20 (SMM) - Last week, base metals registered big declines due to a rally of US dollar and the surge in inventories of some products. Market expectations over consumption during a traditionally peak-demand season will support market price.

Base metals are estimated to remain in corrections this week.

 

LME 3-M (USD/mt)

SHFE 3-M (RMB/mt)

Copper

6,370-6,600

49,850-51,000

Aluminum

2,070-2,100

15,950-16,550

Zinc

2,980-3,080

24,500-25,200

Lead

2,270-2,350

19,500-20,100

Tin

20,400-20,700

141,800-145,000

Nickel

10,750-11,500

86,500-91,000

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