Key Macroeconomic Indicators for Base Metal Prices (2016-4-8)

SHANGHAI, Apr. 8 (SMM) – Base metals are expected to fall today on strengthening short momentum.

Germany’s trade data slated for release today are expected to improve. The country’s exports rose 1.5% MoM in February, and were up 3.9% YoY. Imports increased 1.8% MoM and 0.8% YoY, with trade surplus of EUR 19.2 billion, much higher than the EUR 13.6 billion surplus in January.

The market expects US wholesales to improve in February. January wholesales fell short of market expectations in January, weakening February retail sales. Should US wholesales in February pick up, the country’s March retail sales will turn around.

See SMM price forecast, please click:Shorts to Gain Momentum in Base Metals Market, SMM Says