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SMM Price Outlook for Base Metals on LME and SHFE (Mar. 20-24, 2017)

  • Author:Himake Admin
  • Source:SMM.CN
  • Release on :2017-03-20
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.