Market Caution to Grow for US Presidential Election, SMM Says

Published: Nov 7, 2016 09:13

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Market caution is expected to grow this week as the US presidential election is around the corner, Shanghai Metals Market foresees.

SHANGHAI, Nov. 7 (SMM) – Market caution is expected to grow this week as the US presidential election is around the corner, Shanghai Metals Market foresees.

“A slew of economic data is due for release this week, and market sentiment will be cautious before US’s election,” SMM says.

Copper: 39,150-39,600 yuan per tonne
Aluminum: 13,180-13,380 yuan per tonne
Lead: 16,650-16,800 yuan per tonne
Zinc: 19,650-19,850 yuan per tonne
Tin: 142,500-145,000 yuan per tonne
Nickel: 82,500-84,300 yuan per tonne

Note: Prices all above are for most-actively traded contract on the SHFE.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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