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SunSirs: Nonferrous Metal Lead Futures Swings to Weak
December 17 2019 10:45:37SunSirs(Linda)

On December 15, the Lead Commodity Index was 94.29, 29.64% lower than the peak of 134.01 in the cycle (Nov 29, 2016), and 26.34% higher than the lowest point of 74.63 (Mar 19, 2015). (Cycle: Sep 1, 2011 to date)

Last week, the U.S. dollar fell sharply, it lost 1.2% in 10 days, the biggest decline since December. It closed at 97.196, down 0.06% on December 15. On December 13, DJIA rose 0.01% to 28,135.38, up 0.43% on a weekly basis; S&P 500 rose 0.01% to 3,168.80, up 0.73% on a weekly basis; NASDAQ rose 0.20% to 8734.88, up 0.91% on a weekly basis; FTSE 100 index rose 1.10% to 7,353.44, up 1.57% on a weekly basis; CAC 40 rose 0.59% to 5,919.02, up 0.80% on a weekly basis; DAX rose 0.46% to 13,282.72, up 0.88% on a weekly basis. In terms of crude oil, WTI crude oil futures rose $0.89, or 1.50%, to $60.07 per barrel, up 1.47% on a weekly basis; Brent crude rose 0.62% to $64.6 per barrel, up 0.33% weekly. Most futures decreased in LME market, CAD decreased 0.3%, AHD decreased 0.4%, PBD decreased 1.09%, ZSD decreased 0.13%, NID increased 1.46%, SND decreased 0.15%; Futures prices in Chinese market were mixed, CU decreased 0.45%, AL decreased 0.07%, PB decreased 0.82%, ZN decreased 0.06%, NI increased 1.29%, SN increased 0.08%, RB increased 0.26%, SS increased 0.46%, AU increased 0.45%, and AG increased 0.29%.

PBD trend: The opening price of PBD was $1,929 per ton. It went up to $1,960 per ton. After China and the United States announced that they had reached the first stage of negotiations, it dived to $1,902.5 per ton, and closed at $1,907 per ton, down 1.09%.

PB trend: The opening price of PB2001 was 15,260RMB/ton. It swung narrowly around 15,290RMB/ton at first, then went down to 15,140RMB/ton. The closing price was 15,155RMB/ton, decreasing 0.66%. The open interest decreased 1,198 lots to 56,144 lots.

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