Key Macroeconomic Indicators for Base Metal Prices (2015-11-18)

Published: Nov 18, 2015 10:18

Save

Base metals prices are expected to remain range-bound. US October housing starts and construction permits will be released today.

SHANGHAI, Nov. 18 (SMM) – Base metals prices are expected to remain range-bound. US October housing starts and construction permits will be released today.

US September construction permits fell 5% MoM, with multi-family building permits down 12.1% MoM. But ADP report shows the number of jobs in the construction sectors increased 35,000 in October, flat at September. NAHB builder confidence also strengthened.

API crude oil inventories in the US unexpectedly slid, the first drop after growing for six weeks in a row. EIA crude oil inventories also grew for seven straight weeks.

base metals prices

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 to learn 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

Feb 6, 2026 16:42

Terminal Performance "Uneven," Zinc Oxide Chinese New Year Break Up YoY

Feb 6, 2026 16:42

Feb 6, 2026 16:38

Dual Pressures Force Die-Casting Zinc Alloy Firms to Lengthen Chinese New Year Holidays

Approaching the 2026 Chinese New Year, SMM conducted communication and research on the pre-holiday break arrangements of domestic die-casting zinc alloy enterprises. This survey covered 20 enterprises, with a total annual capacity of 829,000 mt, involving a zinc consumption scale during the holiday period of approximately 45,548 mt.

Feb 6, 2026 16:38

Feb 6, 2026 16:14

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

Feb 6, 2026 16:14