Key Macroeconomic Indicators for Base Metal Prices (2016-3-18)

SHANGHAI, Mar. 18 (SMM) – Base metals are expected to continue rising today on market optimism.

Recent February CPIs from eurozone and Germany mean inflation eurozone weakened. This bodes ill for Germany’s February PPI.

IBD’s CCI in March for the US fell slightly and was worse than expected and February’s. This is believed to have triggered concerns over US economy this year. When combined with lower University of Michigan’s Consumer Expectation Index in February compared with January, University of Michigan’s flash CCI may fall further in March.

See SMM price forecast, please click:Base Metals to Extend Gains, SMM Says