Market Eyes on China Data, with Shanghai Market Sentiment Cautious

Published: Sep 10, 2015 09:48

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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.

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