SMM Morning Comments (Mar 11): LME and SHFE Base Metals Closed Mixed on Falling European Energy Prices
SHANGHAI, Mar 11 (SMM) – Shanghai and LME base metals closed mixed as the market is facing the mixture of factors, including falling European energy prices, unexpected hawkish rhetoric from…
SMM Evening Comments (Feb 22): Shanghai Nonferrous Metals Closed Mixed, Market Sentiment Was Comparatively Bullish
SHANGHAI, Feb 22 (SMM) – Shanghai nonferrous metals closed mixed as the escalating Russia-Ukraine tension kept the investors on the edge. Nonetheless, the market sentiment was comparatively bullish as China…
(Feb 17) SMM Morning comments : SHFE Base Metals Mostly Edged up Overnight amid Falling Warrants Inventories
SHANGHAI, Feb 17 (SMM) – Shanghai base metals basically moved upward amid falling warrants inventories. Their counterparts on LME trended mixed on Wednesday. LME copper fell 0.19%, aluminium rose 1.75%,…
SMM Morning Comments (Feb 10): Base Metals Closed with Gains as Market Awaits US CPI
SHANGHAI, Feb 10 (SMM) – Shanghai and LME metals all closed in the positive territory as the market awaits the US CPI, which is expected to record the fastest growth…
SMM Morning Comments (Feb 9): Base Metals Closed Mixed amid Rebounding US Dollar Index
SHANGHAI, Feb 9 (SMM) – Shanghai Base metals closed mixed overnight after the US dollar index rebounded on the support of the surging US trade deficit. Their counterparts on LME…
SMM Evening Comments (Feb 8): Shanghai Nonferrous Metals Closed Mixed amid Weakening US Dollar Index
SHANGHAI, Feb 8 (SMM) – Shanghai nonferrous metals closed mixed today. The US dollar weakened as the European Central Bank President Christine Lagarde contained market estimate of early interest rate…
SMM Morning Comments (Feb 8): Based Metals Closed Mixed amid A Cautious Market
SHANGHAI, Feb 8 (SMM) – Overnight Shanghai and LME base metals closed mixed as the market was still cautious in the first trading week post the Chinese New Year when…
Macro Roundup (Jan 17) Metal Markets Reports Updates
SHANGHAI, Jan 17 (SMM) — This is a roundup of global macroeconomic news last Friday night and what is expected today. The U.S. dollar snapped a three-day losing streak on…
SMM Morning Comments (Jan 17): SHFE Base Metals Mostly Fell under High Inflation
SHANGHAI, Jan 17 (SMM) – Shanghai base metals mostly closed lower in the overnight trading last Friday, and their counterparts on LME closed mixed. LME copper fell 2.32%, aluminium rose…
SMM Evening Comments (Jan 14): Shanghai Nonferrous Metals Closed Mixed amid Hawkish Fed Remarks
SHANGHAI, Jan 14 (SMM) – Shanghai nonferrous metals closed mixed today as the Fed governor indicated an early interest rate hike in March, who has been recognised one of the…