Metals News
Key Macroeconomic Indicators for Base Metal Prices (2015-8-27)
price review forecast
Aug 27,2015

SHANGHAI, Aug. 27 (SMM) – US durable goods orders in July rose 2.0% MoM, much higher than a 0.4% retreat expected. Orders from non-defense capital goods excluding aircraft rose 2.2% MoM, hitting a new high since June 2014. Fed's Dudley said the possibility of a rate hike in September is down now that crude oil prices have threatened US economy. US stocks rebounded noticeably.

The PBOC executed RMB 140 billion in 6-day short-term liquidity operation by interest rate bid soliciting. The China Financial Futures Exchange (CFFEX) has banned 164 investors from opening positions of stock index futures for one month to curb excessive speculation.

EIA crude oil inventories for the week ending August 19 in the US decreased 5.45 million barrels, compared to a 3.70 million barrels drop expected and a 2.62 million barrels growth a week earlier. China’s crude oil imports in July added 22% YoY, meaning strong demand from China. However, growing suppliers from US and OPEC weighed on prices.

The US dollar index surged 1.42% to 95.28;the most actively traded contracts on NYMEX crude oil fell 0.13% to 44.44. US stocks soared, while European stocks markets mostly fell. LME base metals prices dropped across the board. 

base metals
For queries, please contact Frank LIU at
For more information on how to access our research reports, please email
Related Price

No Data