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Home / Metal News / Financial Forecast, Nov 15

Financial Forecast, Nov 15

Nov 15, 2017 08:51

Source:SMM

Nickel futures had a sharp decline as well as other metals.

SHANGHAI, Nov 15 (SMM) – Today’s important data is the US’s API and EIA crude oil inventory till Nov 10, balance of trade of Eurozone in September (before and after seasonal adjustment), the US’s retail sales of consumer goods and CPI in October. USDX weakened and fell below 94. Quotes of nonferrous metals drop. Nickel futures had a sharp decline as well as other metals. The main reason may be the unfavorable statistic of Chinese economy released yesterday, and a small rebound can be expected.

The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

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