SMM Price Outlook for Base Metals on LME and SHFE (Mar. 20-24, 2017)
Himake Admin
SMM.CN
2017-03-20 17:05:46
SHANGHAI, Mar. 20 (SMM) – The US Federal Reserve announced to raise its interest rate by 25 basis points at its March interest rate meeting, meeting market expectations. Downstream demand in China is on the way of improving from mid-late March, boosting market confidence.
|
|
LME 3-M |
SHFE 3-M |
Spot Premiums/Discounts |
|
Copper |
5820~6020 |
47250~48650 |
(-250)~(-100) |
|
Aluminum |
2870~1930 |
13600~14200 |
(-200)~(-160) |
|
Zinc |
2800~2900 |
22800~24000 |
(-50)~0 |
|
Lead |
2220~2230 |
18000~18700 |
50~(-200) |
|
Tin |
19700~20400 |
144000~148000 |
143000~146000 (spot price) |
|
Nickel |
9900~10400 |
83000~86500 |
(-400)~600 |
Copper price is the most important effect to the cable price, Himake Cable promise to provide the most competitive price based on the same copper price and the same cable quality level.