SHANGHAI, Dec. 21 (SMM) – Trading will mute this week ahead of Christmas holiday and year-end cash tightness in China. Base metals prices in China are expected to rebound, but any increases will be limited.
GDP data from US, England and France will be announced this week, with US November durable goods orders also slated for release.
US household consumption was weaker compared with employment numbers, so further interest rate hikes by the Fed are expected to be based on a gradual basis.
The LME market will be closed until December 29 due to the Christmas holiday. Trading in China will be also quiet ahead of settlement date on December 25.