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SunSirs: LME Tin Declined at Night
February 18 2020 08:21:21SunSirs(Linda)

On February 16, the tin commodity index was 70.14, the same as 15th, 30.03% lower than the highest point in the cycle of 100.25 (September 5, 2011), and 63.65% higher than the lowest point of 42.86 on December 9, 2015. (Note: cycle refers to September 1, 2011 to now).

On February14, 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 tin: LME tin electronic disk opened at 16,525 USD/ton on Friday, with a maximum of 16,620 USD/ton and a minimum of 16,510 USD/ton, closing at 16,555 USD/ton, down 30 USD/ton. 102 trades were closed all day; 19,882 positions were held, an increase of 86. The inventory is 6,815 tons, 10 tons less than the previous period.

Trend of Shanghai tin: Night trading is suspended in the domestic market.

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