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SunSirs: LME Lead Swung Lower at Night
February 17 2020 09:20:10SunSirss(Linda)

On February 16, the lead commodity index was 86.57, unchanged from yesterday, down 35.40% from 134.01 (November 29, 2016), the highest point in the cycle, and up 16.00% from 74.63, the lowest point on March 19, 2015. (Note: cycle refers to September 1, 2011 to now).

On February 14, the U.S. dollar index was basically sideways, with the dollar once rising to 99.166, the highest level since October 8 last year. The CPI data of the U.S. in January was better than expected, and the U.S. dollar index continued its previous gains, setting a new high in recent four months. The US dollar index closed at 99.121, up slightly by 0.04%; the US January import price index monthly rate, previous value: 0.3%, expected: - 0.2%, published: 0, corrected: 0.2% (previous value); Crude oil: the US WTI crude oil futures market price rose, up 52.05 USD/barrel, up 0.63 US dollars, Brent crude oil futures price rose, up 57.32 USD/barrel, up 0.98 US dollars. In terms of LME metal, the whole line was green, with LME aluminum down nearly 1.9%, LME nickel down nearly 1.6%, LME zinc down nearly 1.1%, LME copper down nearly 0.6%, LME lead down nearly 0.4% and LME tin down nearly 0.2%; in terms of domestic, Shanghai lead up nearly 1.2%, Shanghai zinc up nearly 0.6%, Shanghai copper up nearly 0.5%, thread steel up nearly 0.1%, Shanghai tin weak floating red, Shanghai aluminum down nearly 0.1%, Shanghai nickel down nearly 0.9%, stainless steel down nearly 1.3%.

Trend of LME lead: last Friday, LME lead opened at 1,882 US dollars/ton. In Asia, it recovered from low to 1,885 US dollars/ton. In Europe, it fell. Near the closing, it recovered slightly. Finally, it was at 1,874 US dollars/ton, down 0.43%.

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