SHANGHAI, Aug. 25 (SMM) – Last week, base metals hit new highs as investors flooded in, and bullish sentiment prevailed in the market, despite some declines after the US dollar index rallied to 94.
This week, base metals are expected to stage technical corrections, but prices will hover at highs amid bullish sentiment.
LME Base Metals Cash to 3-Month Backwardation/Contango (2017-8-21)
|
LME 3~M (USD/mt) |
SHFE 3~M (RMB/mt) |
|
|
Copper |
6420~6600 |
50500~51800 |
|
Aluminum |
2050~2130 |
16100~16700 |
|
Zinc |
3030~3200 |
25200~26800 |
|
Lead |
2350~2500 |
19600~20500 |
|
Tin |
20000~20500 |
143000~146000 |
|
Nickel |
10600~11000 |
86800~89500 |
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