SHANGHAI, Aug. 7 (SMM) – Base metal prices on the SHFE are expected to fluctuate cautiously on Aug. 7, Shanghai Metals Market foresees.
“The lower-than-expected ADP data has added uncertainties to the result of upcoming US non-farm payroll data, so a strong cautious sentiment will keep prices in check,” SMM says.
“But, profit-taking by some shorts may give some support to price,” SMM adds.
Note: All prices above are forecasts for most actively-traded contracts on each market.
For news cooperation, please contact us by email: email@example.com or firstname.lastname@example.org.