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Home / Metal News / Key Macroeconomic Indicators for Base Metal Prices (2016-1-28)

Key Macroeconomic Indicators for Base Metal Prices (2016-1-28)

Jan 28, 2016 09:36

Source:SMM

Base metals prices surged across the board overnight.

SHANGHAI, Jan. 28 (SMM) – Base metals prices surged across the board overnight. LME copper led gains.

The US Fed left interest rate untouched as expected, weighing down the US dollar below 99 initially but then rebounding.

Market sentiment in the base metals market appeared to have improved due to output cut, sales control and reserves buyout. Base metals remained firm despite falling stock markets.

Base metals prices are expected to remain strong today as some shorts leave the market ahead of the Chinese New Year holiday.

base metals prices

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