September 11, the US regional ethylene market closing price rose 4.5 US dollars / ton, FD US Gulf prices closed at 678-688 US dollars / ton.

September 11 European p-xylene market closing price fell 18.5 US dollars / ton, the closing price of 762.5-764.5 US dollars / ton FOB Rotterdam

September 11, the United States WTI crude oil futures rose in October, reported 48.07 US dollars / barrel, or 0.59 US dollars. Brent crude futures rose in November, reported $ 53.84 / barrel, or 0.06 US dollars.

LME zinc and other base metals rebounded on Monday as investors rallied after Friday’s sell-off, and China’s strong economic data also supported the market.

But analysts said the base may still face a deep correction, since early June to early September rose since.

Robin Bhar, head of metal research at Societe Generale in France, said the market was still cautious, mainly because it was bargain-hunting to push up the market.

Bhar said the metals are expected to fall 5% -10% from the recent highs in the coming weeks or months.

Saturday released the Chinese data to support the market. Data show that China’s August inflation data are more than expected, CPI rose a seven-month high, one year to maintain positive growth PPI also hit a four-month high.

Three-month zinc rose 2.3 percent to $ 3,102 a tonne, down 3.1 percent on Friday.

NEW YORK (Reuters) – Base metals prices on the London Metal Exchange (LME) rebounded on Monday as investors and consumers took advantage of the chance of falling prices on Friday, with the largest metal consumer, China’s strong economic data, and Help support the market.

London time on September 11 17:00 (Beijing time on September 12 00:00), three-month copper closed up 0.8 percent at $ 6,748 a tonne, down 3 percent on Friday.

Three-month zinc closed up 1.7% at $ 3,083 a tonne, down 3.1% on Friday.

However, analysts warned that the LME metal index since early June to early September rose 21%, the price is still further down the possibility of repair.

JP Morgan analyst Natasha Kaneva said copper prices are not in line with fundamentals and are expected to fall back to $ 5,600 in the fourth quarter.

“I think this is mainly due to the bargain-hunting after the sell-off on Friday, but the market is still tight,” said Robin Bhar, head of metal research at Societe Generale in France.

“The price has risen so much, it seems more than the fundamentals of the situation, there should be a stage of consolidation or correction.

Bhar said he expects prices to fall 5-10% in the next few weeks or months.

China’s inflation data in August showed higher-than-expected inflation data in August, and the consumer price index (CPI) rose another seven-month high, while the producer price index (PPI), which maintained positive growth for a year, also hit a four-month high. In the case of

North Korea did not carry out missile tests on weekends, also made the financial markets relieved.

Among the other base metals, the three-month lead was 0.5% higher at $ 2,277 per tonne.

Three-month nickel rose 1.5 percent to $ 11,750 a tonne, down 4.7 percent on Friday. In the case of

Three-month aluminum rose 1.1% to $ 2,122 a tonne.

Three-month tin closed up 1% at $ 20,750 per tonne.