Key Macroeconomic Indicators for Base Metal Prices (2016-5-27)-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Aluminium
  • Copper scrap
  • Primary lead
  • Copper
  • Customs data
  • Market commentary
  • Nickel
  • price forecast
  • Futures movement
  • MMi Iron Ore Port Index
  • Inventory data
  • Secondary lead
  • Morning comments
  • Evening comments

Key Macroeconomic Indicators for Base Metal Prices (2016-5-27)

Price Review & Forecast 09:36:58AM May 27, 2016 Source:SMM

SHANGHAI, May 27 (SMM) – Base metals will lack ability to rise today. Value added at China’s large industrials is expected to grow in April as declines in profit at China’s SOEs narrowed further in April, but increase will slow compared with March. The figure due for release today should boost the market.

US Q1 growth looks set to rise compared with flash data. US core retail sales in March was revised from 0.2% growth to 0.4% increase, while commercial inventory data also topped market expectations in March, which account for 2/3 in US economy.

Fed Chairwoman Janet Yellen will speak today, and the market will keep an eye on her statement.

See SMM price forecast, please click:Base Metals to Fluctuate at Highs, SMM Says


Key Macroeconomic Indicators for Base Metal Prices (2016-5-27)

Price Review & Forecast 09:36:58AM May 27, 2016 Source:SMM

SHANGHAI, May 27 (SMM) – Base metals will lack ability to rise today. Value added at China’s large industrials is expected to grow in April as declines in profit at China’s SOEs narrowed further in April, but increase will slow compared with March. The figure due for release today should boost the market.

US Q1 growth looks set to rise compared with flash data. US core retail sales in March was revised from 0.2% growth to 0.4% increase, while commercial inventory data also topped market expectations in March, which account for 2/3 in US economy.

Fed Chairwoman Janet Yellen will speak today, and the market will keep an eye on her statement.

See SMM price forecast, please click:Base Metals to Fluctuate at Highs, SMM Says