Home / Metal News / Copper / Key Macroeconomic Indicators for Base Metal Prices (2015-10-21)
Key Macroeconomic Indicators for Base Metal Prices (2015-10-21)
Oct 21,2015 09:51CST
price review forecast
Source:SMM
Base metal price volatility will rise today.

SHANGHAI, Oct. 21 (SMM) – Base metal price volatility will rise today. The OPEC meeting held today will unlikely give any direction to the market. OPEC members seem to have no plans for output cut. API crude oil inventories in the US last week grew further, overshadowing oil prices today.

It remains uncertain whether the Fed will raise interest rate later this year as Fed Chair Janet Yellen’s statement overnight shed no light on hints of this issue. Market expectations that European Central Bank will accelerate quantitative easing will also weigh on the US dollar.

base metal price

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news