Key Macroeconomic Indicators for Base Metal Prices (2016-2-3)

Feb 3, 2016 09:16

Source:SMM

Market will eye US ADP employment report for January and EIA crude oil stock data on Wednesday.

SHANGHAI, Feb. 3 (SMM) – Market will eye US ADP employment report for January and EIA crude oil stock data on Wednesday.

Data from the EIA showed US crude oil stocks surged 3.28 million barrels to 8.38 million barrels in the week ending January 22, a record low. The EIA will release crude oil stocks in the week ending January 29. Should stocks continue growing, crude oil prices will take a hit.

Market expects US private sector to add 193,000 jobs in January, well below 257,000 in December.

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 (2016-2-3)

SMM Events & Webinars

NET ZERO CHINA Field Trip

SMM Indonesia Seminar: Li-ion Battery & Energy Storage

2025 ASIA BATTERY MATERIAL COOPERATION SALON