Key Macroeconomic Indicators for Base Metal Prices (2017-7-4)

Published: Jul 4, 2017 09:39

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Market will eye the euro zone’s May PPI on Tuesday.

SHANGHAI, Jul. 4 (SMM) –Market will eye the euro zone’s May PPI on Tuesday.

The annual rate of the euro zone’s CPI has returned to declines since Marcch, except a small rise in April. As such, the annual rate of the euro zone’s PPI might fall back in May.

US stock market is closed today for Independence Day. Metal, energy and foreign exchange contracts under the CME will suspend trading from 01:00 July 5. Brent crude oil contract on the ICE will close in advance at 01:30 July 5. So, trading will be light during the night session.

See SMM price forecast, please click: SMM Price Outlook for Base Metals on SHFE (Jul. 4, 2017)

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