SHANGHAI, Sept. 23 (SMM) – Base metal prices on the SHFE are expected to fall on Sept. 23 amid growing concerns, Shanghai Metals Market foresees.
“Shanghai base metal prices will take a hit amid the tumbling commodity market, and the result of API inventory report and China’s September PMI is expected to trigger new volatility in the commodity market,” SMM says.
The global stock markets tumbled amid growing concerns over world’s economy, and prices of precious metals drifted lower, and crude oil market saw big volatility.
Note: All prices above are forecasts for most actively-traded contracts on each market.
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