Manufacturing PMIs from western economies for May will come under the spotlight this week. “Black swan” events may occur, including semiannual financial report by US Fed head Janet Yellen and referendum on UK exit from the EU, which will intensify risk avers...

With some investors exiting from market for China’s Dragon Boat Festival from June 9-11, base metals are expected to see diverging trade on Wednesday. China’s financial market will be closed this evening.

China’s financial market will be closed on Thursday and Friday for the Dragon Boat Festival.

China’s official and Caixin manufacturing PMI for May are expected to hold flat with April’s figure or fall from April. This is mainly because steel prices and nonferrous metals prices fell back from highs in late April, which will not only drag down PPI, bu...

A series of key economic data and events will come under the spotlight in the second half of this week. LME and COMEX are closed on Monday for holidays.

Base metals will lack ability to rise today. Value added at China’s large industrials is expected to grow in April as declines in profit at China’s SOEs narrowed further in April, but increase will slow compared with March. The figure due for release today s...

Key Macroeconomic Indicators for Base Metal Prices (2016-5-26)

US new home sales in April and Germany’s annualized Q1 growth will be released today. As short momentum prevailed in the market, base metals should remain weak but diverge today.