SHANGHAI, Aug. 26 (SMM) – Shanghai base metal market is not expected to stage big gains on Aug. 26 after PBOC’s cut decision, Shanghai Metals Market foresees.
“Market will digest the cut decision by PBOC on interest rate and reserve ratio today, but the positive impact will be small given market response after recent cuts,” SMM says.
In other news, China’s stock market tumbled yesterday, with Shanghai benchmark index sliding below 3,000.
Note: All prices above are forecasts for most actively-traded contracts on each market.
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