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LME and SHFE base metals closed overnight. On the macro front, the US released strong employment and service industry data, and more data will be released on Friday, including the producer price index (PPI). The US Federal Reserve’s rate meeting next week is worth attention.
SHFE and LME base metals closed with losses as the current market liquidity tightening is not expected to change and domestic and overseas consumption is both sluggish, triggering market concerns for an economic recession, putting base metals under pressure.
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