US Positive Data to Boost Dollar, Eying Caution from Money Supply, SMM Says -Shanghai Metals Market

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US Positive Data to Boost Dollar, Eying Caution from Money Supply, SMM Says 

SMM Insight 09:19:11AM Nov 29, 2016 Source:SMM

SHANGHAI, Nov. 29 (SMM) – Overnight price declines in major base metal markets are expected to raise market caution on Tuesday, Shanghai Metals Market predicts. 

“Most base metals fell back in overnight trading, and in the short run, investors should pay attention to money supply, which serves as a major driving factor, in addition to a strong dollar,” SMM says.  

Key Macroeconomic Indicators for Base Metal Prices (2016-11-29)

Copper: 48,000-48,800 yuan per tonne
Aluminum: 13,500-13,800 yuan per tonne
Lead: 22,600-22,800 yuan per tonne
Zinc: 24,000-24,350 yuan per tonne
Tin: 145,000-148,000 yuan per tonne
Nickel: 94,000-96,500 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 or service.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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Imported Cu Concentrate TC(Cu≥26%,Month)
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73.5
-6.0
(-7.55%)

US Positive Data to Boost Dollar, Eying Caution from Money Supply, SMM Says 

SMM Insight 09:19:11AM Nov 29, 2016 Source:SMM

SHANGHAI, Nov. 29 (SMM) – Overnight price declines in major base metal markets are expected to raise market caution on Tuesday, Shanghai Metals Market predicts. 

“Most base metals fell back in overnight trading, and in the short run, investors should pay attention to money supply, which serves as a major driving factor, in addition to a strong dollar,” SMM says.  

Key Macroeconomic Indicators for Base Metal Prices (2016-11-29)

Copper: 48,000-48,800 yuan per tonne
Aluminum: 13,500-13,800 yuan per tonne
Lead: 22,600-22,800 yuan per tonne
Zinc: 24,000-24,350 yuan per tonne
Tin: 145,000-148,000 yuan per tonne
Nickel: 94,000-96,500 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 or service.en@smm.cn.