Market Caution to Grow for US Presidential Election, SMM Says -Shanghai Metals Market

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Market Caution to Grow for US Presidential Election, SMM Says 

Industry News 09:13:13AM Nov 07, 2016 Source:SMM

SHANGHAI, Nov. 7 (SMM) – Market caution is expected to grow this week as the US presidential election is around the corner, Shanghai Metals Market foresees. 

“A slew of economic data is due for release this week, and market sentiment will be cautious before US’s election,” SMM says. 

Copper: 39,150-39,600 yuan per tonne
Aluminum: 13,180-13,380 yuan per tonne
Lead: 16,650-16,800 yuan per tonne
Zinc: 19,650-19,850 yuan per tonne
Tin: 142,500-145,000 yuan per tonne
Nickel: 82,500-84,300 yuan per tonne

Note: Prices all above are for most-actively traded contract on the SHFE. 

For news cooperation, please contact us by email: sallyzhang@smm.cn orservice.en@smm.cn.

Price

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#1 Refined Cu
Apr.19
49430.0
-170.0
(-0.34%)
Yangshan Copper Premium(Bill of Lading)
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51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
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50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
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67.0
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(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
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73.5
-6.0
(-7.55%)

Market Caution to Grow for US Presidential Election, SMM Says 

Industry News 09:13:13AM Nov 07, 2016 Source:SMM

SHANGHAI, Nov. 7 (SMM) – Market caution is expected to grow this week as the US presidential election is around the corner, Shanghai Metals Market foresees. 

“A slew of economic data is due for release this week, and market sentiment will be cautious before US’s election,” SMM says. 

Copper: 39,150-39,600 yuan per tonne
Aluminum: 13,180-13,380 yuan per tonne
Lead: 16,650-16,800 yuan per tonne
Zinc: 19,650-19,850 yuan per tonne
Tin: 142,500-145,000 yuan per tonne
Nickel: 82,500-84,300 yuan per tonne

Note: Prices all above are for most-actively traded contract on the SHFE. 

For news cooperation, please contact us by email: sallyzhang@smm.cn orservice.en@smm.cn.