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

Sep 20, 2017 11:26

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

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