Key Macroeconomic Indicators for Base Metal Prices (2016-11-18)-Shanghai Metals Market

Hot Keywords

  • Zinc
  • MMi Iron Ore Port Index
  • Copper
  • Copper scrap
  • Market commentary
  • Aluminium
  • Nickel
  • Steel
  • price
  • Macroeconomics
  • Iron ore
  • Evening comments
  • Futures movement
  • Morning comments
  • Inventory data

Key Macroeconomic Indicators for Base Metal Prices (2016-11-18)

Price Review & Forecast 09:20:48AM Nov 18, 2016 Source:SMM

SHANGHAI, Nov. 18 (SMM) – Fed Chairwoman Janet Yellen’s hawkish tone means a good chance the Fed will increase interest rate in December. But base metals give little response to this. Base metals are expected to remain range-bound in the near term.

China Index Academy (CIA) shows of China’s 100 cities, home prices in 79 cities rose MoM in October, down 2 from September. Home prices in 21 cities fell MoM, up 3. In first and second-tier cities, most reported slight month-on-month growth in home prices. This means the number of cities that will report month-on-month drop in home price in October may increase.

Germany’s annualized October PPI is expected to rise further. Germany’s annualized October CPI reflects the country’s inflation is on the rise.

 

Key Words:  base metals 

Key Macroeconomic Indicators for Base Metal Prices (2016-11-18)

Price Review & Forecast 09:20:48AM Nov 18, 2016 Source:SMM

SHANGHAI, Nov. 18 (SMM) – Fed Chairwoman Janet Yellen’s hawkish tone means a good chance the Fed will increase interest rate in December. But base metals give little response to this. Base metals are expected to remain range-bound in the near term.

China Index Academy (CIA) shows of China’s 100 cities, home prices in 79 cities rose MoM in October, down 2 from September. Home prices in 21 cities fell MoM, up 3. In first and second-tier cities, most reported slight month-on-month growth in home prices. This means the number of cities that will report month-on-month drop in home price in October may increase.

Germany’s annualized October PPI is expected to rise further. Germany’s annualized October CPI reflects the country’s inflation is on the rise.

 

Key Words:  base metals