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Home / Metal News / SMM Weekly Price Outlook for Base Metals on LME and SHFE (Sept. 25-29, 2017)

SMM Weekly Price Outlook for Base Metals on LME and SHFE (Sept. 25-29, 2017)

iconSep 26, 2017 17:23
Source: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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