Market Turns More Cautious ahead of US Interest Rate Meeting-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Nickel
  • MMi Iron Ore Port Index
  • Inventory data
  • Rare earths
  • Futures movement
  • Evening comments
  • Aluminium
  • Stainless steel spot
  • Morning comments
  • Copper
  • price
  • Sales data
  • SMM brief review
  • Operating rates

Market Turns More Cautious ahead of US Interest Rate Meeting

Industry News 09:29:23AM Sep 16, 2015 Source:SMM

SHANGHAI, Sept. 16 (SMM) – Market caution is growing with the nearing of US Federal Reserve’s interest rate meeting in September. 

“Strong caution is expected to keep base metal prices on the SHFE to be in check today with absence of other major news,” SMM says.  

China’s stocks continued tumbling on Tuesday, with the benchmark Shanghai Composite Index finishing down 3.5 percent. 

In the neighboring market, the US dollar index closed up to 95.6.  

Copper: 40,300-40,800 yuan per tonne

Aluminum: 11,900-12,000 yuan per tonne

Lead: 13,280-13,380 yuan per tonne

Zinc: 14,400-14,600 yuan per tonne

Tin: 101,000-102,500 yuan per tonne

Nickel: 76,500-78,500 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.


Market Turns More Cautious ahead of US Interest Rate Meeting

Industry News 09:29:23AM Sep 16, 2015 Source:SMM

SHANGHAI, Sept. 16 (SMM) – Market caution is growing with the nearing of US Federal Reserve’s interest rate meeting in September. 

“Strong caution is expected to keep base metal prices on the SHFE to be in check today with absence of other major news,” SMM says.  

China’s stocks continued tumbling on Tuesday, with the benchmark Shanghai Composite Index finishing down 3.5 percent. 

In the neighboring market, the US dollar index closed up to 95.6.  

Copper: 40,300-40,800 yuan per tonne

Aluminum: 11,900-12,000 yuan per tonne

Lead: 13,280-13,380 yuan per tonne

Zinc: 14,400-14,600 yuan per tonne

Tin: 101,000-102,500 yuan per tonne

Nickel: 76,500-78,500 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.