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SunSirs: LME Tin Rose at Night
April 15 2020 13:09:37SunSirs(Linda)

On April 14, the commodity price index BPI was 727 points, an increase of 6 points from 13th, a decrease of 28.66% from the highest point in the cycle of 1,019 points (2012-April-10), and 660 points higher from the lowest point of February 03, 2016, it rose by 10.15%. (Note: The period refers to 2011-December-01 to present).

The tin commodity index on April 14 was 67.28, an increase of 0.94 points from 13th, a decrease of 32.89% from the highest point in the cycle of 100.25 points (2011-Sep-05), and an increase of 56.98% from the lowest point of 42.86 on December 09, 2015. (Note: Period refers to 2011-Sep-01 to present).

On Tuesday, US time, the three major US stock indexes closed up. As of the close, the Dow rose 2.39%, the Nasdaq rose 3.95%, and the S & P 500 index rose 3.06%. For European stocks, as of the close, the German DAX index rose 1.25%; France The CAC40 index rose 0.38%; the UK 100 index fell 0.88%. International oil prices plummeted. The largest drop in US crude oil futures exceeded 10% during the day. As of the close, WTI May crude oil futures fell by $ 2.30 to close at $ 20.11 per barrel. June Brent crude oil futures prices fell 6.47% to $ 29.60 per barrel. Russian Energy Minister Novak said that Russian oil producers support crude oil reduction agreements reached by OPEC and Russia and other non-OPEC oil-producing countries; the U.S. Department of Energy said it is working with nine U.S. companies to reserve 23 million barrels of U.S. Crude oil is negotiated in the Strategic Petroleum Reserve (SPR). Affected by this, most of LME metals rose yesterday, LME zinc rose nearly 3.4%, LME copper rose nearly 3.1%, LME aluminum rose nearly 2.1%, LME nickel rose nearly 1.8%, LME zinc rose nearly 1.1%, LME lead fell nearly 1.3% Domestically, metals rose maily, stainless steel rose nearly 2.4%, Shanghai zinc rose nearly 1.1%, Shanghai lead and nickel rose nearly 0.8%, Shanghai aluminum rose nearly 0.1%, Shanghai copper and thread fell nearly 0.1%, Shanghai tin fell Nearly 0.5%.

Trends of LME tin: The electronic market of LME tin opened yesterday at $ 15,145 / ton, with a maximum of $ 15,650 / ton and a minimum of $ 15,145 / ton, closing at $ 15,460 / ton, up $ 510 / ton. There were 418 lots traded throughout the day; 17,706 lots were held, an increase of 107 lots. 7,095 tons of inventory, 150 tons less than the previous period.

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