Key Macroeconomic Indicators for Base Metal Prices (2015-12-30)

Dec 30, 2015 09:41

Market will eye US crude oil stocks and US pending home sales for November, as well as Italy November CPI, on Wednesday.

SHANGHAI, Dec. 30 (SMM) –Market will eye US crude oil stocks and US pending home sales for November, as well as Italy November CPI, on Wednesday.

API’s report showed that US crude oil stocks rose last week, with stocks in Cushing up another 923,000 barrels. This sent WTI and Brent oil prices down.

NAHB’s US Housing Market Index was slightly below forecast in November. But US home builder confidence stayed above 50 for five consecutive months in November. US new home sales and building permits for November both beat expectations. As such, US pending home sales are expected to improve as well in November.

base metals prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-30)

SMM Events & Webinars

NET ZERO CHINA Field Trip

SMM Indonesia Seminar: Li-ion Battery & Energy Storage

2025 ASIA BATTERY MATERIAL COOPERATION SALON