Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / Key Macroeconomic Indicators for Base Metal Prices (2016-12-29)

Key Macroeconomic Indicators for Base Metal Prices (2016-12-29)

Dec 29, 2016 09:25

Source:SMM

Base metals weakened overnight, and will fluctuate weakly today given year-end cash tightness and current market sentiment.

SHANGHAI, Dec. 29 (SMM) – Base metals weakened overnight, and will fluctuate weakly today given year-end cash tightness and current market sentiment.

The number of US initial jobless claims last week due for release today is expected to stay below 300,000.

After the announcement of US crude oil inventories last week, crude oil prices fell at one point. But with market expectations that oil producing countries will slash output soon, NYMEX February oil prices returned above all moving averages. Oil prices will remain strong in the near term.

API crude oil inventories last week for the US released this morning expectedly surged, weighing on oil price. But NYMEX February oil still remains in a strong territory.

Base metals

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

Exclusive: China's metals output in June

This is a roundup of China's metals output in June 2021, from an exclusive survey of key producers by SMM analysts. SMM data showed that China’s copper cathode output stood at 829,300 mt in June, down 2.4% month on month, but up 9.2% year on year.

time

Jul 9, 2021 17:13

Exclusive: China's metals output in June

Profits at domestic large-scale industrial enterprises rose 1.79 times in Jan-Feb

From January to February, large-scale domestic industrial enterprises achieved a total profit of around 1.1 trillion yuan, a year-on-year increase of 1.79 times (calculated on a comparable basis), an increase of 72.1% from January to February 2019, and an average increase of 31.2% over the two years.

time

Apr 9, 2021 12:00

Profits at domestic large-scale industrial enterprises rose 1.79 times in Jan-Feb

Key Macroeconomic Indicators for Base Metal Prices (2016-11-28)

US non-farm employment will be released this week. Market expectations that an agreement on output cut at the OPEC meeting is low. Italy’s constitutional referendum will be held December 4. But given

time

Nov 28, 2016 09:41

Key Macroeconomic Indicators for Base Metal Prices (2016-11-16)

Base metals fell with ferrous metals on Tuesday. US crude oil inventories, October industrial output, inflation and home prices in November will be released today.

time

Nov 16, 2016 09:24

Key Macroeconomic Indicators for Base Metal Prices (2016-11-1)

October manufacturing PMIs from China and the US, and IBD CCI for the US in November will be released today. Base metals diverged overnight, and such situation will continue today.

time

Nov 1, 2016 09:36

Macroeconomic Factors for Big Leap in Base Metals October 25, SMM Reports

Base metals posted sharp gains October 25. SHFE aluminum, lead and zinc rose by daily limit. SHFE copper also jumped. What’s the driving factor to these sharp price gains?

time

Oct 25, 2016 15:31

Macroeconomic Factors for Big Leap in Base Metals October 25, SMM Reports

Aluminum Back to $1,700 per Metric Ton?

Our Aluminum MMI rose 4% in September. Aluminum prices bounced above $1,600 per metric ton.

time

Oct 11, 2016 14:46

Key Macroeconomic Indicators for Base Metal Prices (2016-7-7)

Base metals mostly closed with gains overnight.

time

Jul 7, 2016 09:26

Key Macroeconomic Indicators for Base Metal Prices (2016-7-4)

Base metals are expected to extend gains this week, but growth will slow.

time

Jul 4, 2016 09:32

SMM Events & Webinars

Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China
Apr
16
- CLNB 2025 (10th) China International New Energy Industry Expo
  Apr 16 - 18,2025
  Suzhou International Expo Center, Jiangsu, China

MOST POPULAR

1.NEV Magnet Wire Industry Opportunity Discovery

2.Copper Substitution Market Study-Consumer Durables

3.Copper Substitution Market Study-Construction

4.Copper Substitution Market Study-Power Distribution

5.Copper Substitution Market Study-Power Transmission

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.