Market Eyes on China Data, with Shanghai Market Sentiment Cautious

Published: Sep 10, 2015 09:48

Save

Base metal prices on the SHFE now waits for the result of major economic results from China on Sept. 10, Shanghai Metals Market foresees.

SHANGHAI, Sept. 10 (SMM) – Base metal prices on the SHFE now waits for the result of major economic results from China on Sept. 10, Shanghai Metals Market foresees.

“Market expectations over the upcoming release of China’s data are mixed, and poor readings are likely to fuel speculations over more pro-growth policies in China,” SMM says.

China will release CPI, PPI and M2 today, with mixed expectations.

In other news, investors also put a close watch on the US Fed’s interest rate decision in the next week’s meeting. Yesterday, the US reported strong labor results.

Copper: 40,500-41,500 yuan per tonne

Aluminum: 11,970-12,060 yuan per tonne

Lead: 13,280-13,420 yuan per tonne

Zinc: 14,700-14,900 yuan per tonne

Tin: 100,500-102,000 yuan per tonne

Nickel: 76,500-78,300 yuan per tonne

Note: All prices above are forecasts for most actively-traded contracts on each market.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

base metal base metal price forecast

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

China's Lithium Battery Output to Surge 9% in September, Driven by Global Energy Storage Demand

According to multiple industry chain monthly survey data, September China lithium battery production schedules are expected to exceed 330 GWh, up approximately 9% MoM. Energy storage cells account for approximately 130 GWh, nearly 40% of the total. Energy storage growth mainly comes from overseas large-scale projects, with multiple energy storage stations in the Middle East, Europe and the US rushing to grid-connect before year-end. Overseas customers are concentratedly procuring 314Ah and above large-capacity energy storage cells, with leading battery makers' existing production lines fully booked through mid-October.

1 hour ago

September 2026 NEV Sales Surge 45.6% YoY, Market Share Nears 50%

CAAM data shows September 2026 NEV production and sales reached 1.617 mn and 1.604 mn respectively, up 42.7% and 45.6% YoY. NEV share of total new vehicle sales reached 49.7%. Jan-Sep cumulative NEV production/sales reached approximately 12.6 mn, with market share approaching half. September NEV exports were 222,000 units, more than doubling YoY. CPCA data shows September domestic NEV passenger car retail was approximately 1.296 mn units, up 15.5% YoY, with monthly penetration reaching 57.8%, a new record high.

1 hour ago

Ruijin's $135M Aluminum Project Nears Completion, Set for November Launch

Ruijin New Materials Technology Co., Ltd.'s 150,000 t/yr aluminium plate/strip/foil project, which acquired land in April and started construction by end-April this year, has completed its No. 1 workshop. Internal equipment installation is in the final stage. Six holding furnaces and six melting furnaces have been installed, and rolling mill installation is underway. Furnace baking is planned for end-September, trial production around October 15, with formal commissioning expected in November. Total investment is approximately RMB 900 mn, with RMB 300 mn planned for this year.

1 hour ago