Key Macroeconomic Indicators for Base Metal Prices (2016-1-22)

Published: Jan 22, 2016 09:18

Save

Market attention will focus on preliminary manufacturing PMI from the US, Germany and France for January, as well as US December existing home sales on Friday.

SHANGHAI, Jan. 22 (SMM) –Market attention will focus on preliminary manufacturing PMI from the US, Germany and France for January, as well as US December existing home sales on Friday.

Preliminary manufacturing PMI from the US, Germany and France are expected to be negative in January. Global economy, stock, foreign exchange and commodity markets had a bad start in 2016, boding ill for manufacturing sector.

US pending home sales were disappointing in November 2015 and NAHB home price index missed forecast in December 2015. As such, US existing home sales are unlikely to improve in December. US existing home sales have been falling since October 2015, and fell below 5 million units in November, dimming US housing market outlook.

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