SMM Evening Comments (Nov 16): Shanghai nonferrous metals rose broadly on the signing of RECP and positive Chinese economic data


Source: metal.com metal.com

Key Topics in this News Article:

News Snapshot:

SHFE nonferrous metals were mostly higher on Monday November 16 on the signing of the Regional Comprehensive Economic Partnership (RECP) over the weekend and upbeat Chinese economic data released today. SHANGHAI, Nov 16 (SMM) — SHFE nonferrous metals were mostly higher on Monday November 16 on the signing of the Regional Comprehensive Economic Partnership (RECP) over the weekend and upbeat Chinese economic data released today. China's factory output rose faster-than-expected in October and retail sales continued to recover, as the world's second-largest economy continues to bounce back from the COVID-19 slump. Industrial output climbed 6.9 percent in October from a...