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SMM Weekly Price Outlook for Base Metals on LME and SHFE (Sept. 25-29, 2017)
Sep 26, 2017 17:23Source:SMM
Last week, the US dollar index rallied strongly following US Federal Reserve’s September interest rate meeting, and base metals fell back from highs.
SHANGHAI, Sept. 26 (SMM) - Last week, the US dollar index rallied strongly following US Federal Reserve’s September interest rate meeting, and base metals fell back from highs.
This week, market risk aversion sentiment is expected to grow ahead of the upcoming 2017 Chinese National Day holiday in early October.
|
LME 3-M (USD/mt) |
SHFE 3-M (RMB/mt) |
|
|
Copper |
6,330-6,550 |
49,000-50,700 |
|
Aluminum |
2,100-2,200 |
16,200-17,500 |
|
Zinc |
2,980-3,080 |
24,200-25,200 |
|
Lead |
2,340-2,450 |
19,500-21,000 |
|
Tin |
20,400-20,900 |
142,500-146,000 |
|
Nickel |
10,500-11,350 |
83,800-89,000 |
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