Metals News
Base Metals Prices Expected to Open Higher Last Friday
smm insight
11:19AM
Jan 21,2013
Source:SMM

SHANGHAI, Jan. 21 (SMM0 – China's major economic data was released last Friday. The market had been optimistic towards economic signal.

During European and US trading, UK's retail sales data was expected flat in December. YoY retail sales growth of the country has been slowing since August 2012, and that would cause the attraction of pound to decrease and pull up the US dollar index. US January CCI was expected to improve slightly due to an agreement on US fiscal cliff issue.

 Shanghai base metals prices were expected to open higher last Friday, with increases depending on China's economic data.

 

China's major economic data
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related Price

No Data