SMM Evening Comments (Sep 6): Shanghai Nonferrous Metals Closed with Gains amid Higher-than-Expected China Services PMI_SMM
Shanghai nonferrous metals closed all with gains as the August China Caixin Services PMI was higher than the estimate with a reading of 55, against the previous print of 55.5. In addition, the People's Bank of China also decided to lower the foreign exchange deposit reserve ratio for financial institutions.
Source: metal.com