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SunSirs: Chinese Antimony Commodity Index 50.29 points
June 23 2020 09:05:54SunSirs(Linda)

On June 21, the BPI of the commodity price index was 747 points, which was the same as June 20, a decrease of 26.69% from the highest point in the cycle of 1,019 points (2012-04-10), an increase of 13.18% from the lowest point of 660 points on February 03, 2016. (Note: Period refers to 2011-12-01 to present).

The antimony commodity index on June 21 was 50.29, which was the same as June 20, a decrease of 50.85% from the highest point in the cycle of 102.32 (2012-10-16), and an increase of 7.05% from the lowest point of 46.98 on December 24, 2015. (Note: The period refers to 2012-09-08 till now).

The US dollar index rose 0.18% to 96.9309; the offshore RMB rose 0.54% against the US dollar, and USDCNH reported 7.0707; the non-agricultural employment population unexpectedly increased by 2.509 million after the May seasonal adjustment in the United States, which is expected to decrease by 8 million, and the previous value decreased by 20.537 million. The largest single-month job growth in U.S. history since 1939; news released by the Saudi Ministry of Energy shows that the oil-producing countries' oil ministers from the non-OPEC oil-producing countries represented by the Saudi-led Organization of Petroleum Exporting Countries (OPEC) and Russia At the meeting, an agreement was reached to extend the current crude oil production reduction of 9.7 million barrels per day to the end of July. At the same time, countries will evaluate the crude oil market at the end of June to determine whether to further extend the production reduction agreement; Saudi Arabia’s first quarter oil export value fell by 21.9% year-on-year , to 40 billion US dollars, equivalent to a decline of about 11 billion US dollars. Affected by this, most London metal markets closed up last Friday, with London Copper up 2.43%, London Tin up 2.34%, London Nickel up 0.94%, London Aluminum up 1.75%, London Zinc down 0.37% and London Lead up 1.27%. Chinese nonferrous metal market was mixed, with Shanghai Tin up 1.5%, Shanghai Copper up 1.51%, Shanghai Zinc down 1.72%, Shanghai Aluminum up 0.91%, Shanghai Nickel up 0.46%, Shanghai Lead down 0.14%, stainless steel up 0.58%, thread Rose 0.36%.

Since June, the Chinese spot antimony market has been mainly stable, and the impact of foreign events has led to poor demand. The weak domestic spot market has been consolidated. In the absence of significant improvement in foreign demand, domestic manufacturers have temporarily stabilized their prices. It is expected that in the short term, it will remain stable, and the market will focus on the recovery of foreign demand.

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