Metals News
Financial Forecast, Nov 15
smm insight

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.

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