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SunSirs: London Tin and Shanghai Tin Went down at Night
July 16 2020 08:18:15SunSirs(Linda)

The BPI of the commodity price index on July 14 was 752 points, which was the same as July 13 and was 26.20% lower than the highest point in the cycle of 1,019 points (2012-04-10) and 660 points lower than the lowest point on February 03, 2016. It rose by 13.94%. (Note: Period refers to 2011-12-01 to present).

The tin commodity index on July 14 was 72.43, a decrease of 0.09 points from July 13 and a decrease of 27.75% from the highest point in the cycle of 100.25 points (2011-09-05) and a decrease of 42.86 points from the lowest point on December 09, 2015 It rose by 68.99%. (Note: Period refers to 2011-09-01 to present).

Fundamental data of New York, the US dollar index fell 0.34% to 96.2301; the offshore RMB fell 76 basis points to 7.0112; the Federal Reserve Brad: the Fed will keep interest rates low for the foreseeable future; the baseline is expected to be the Fed to maintain current policies; The New York Federal Reserve’s June 2020 Consumer Expectations Survey showed that US consumers’ confidence in household financial conditions improved in June, but their optimism about income growth and employment expectations is still not as good as before the outbreak. New York Fed Chairman Williams said in a webinar held with the Bank of England that it will cancel the LIBOR (London Interbank Offered Rate) in the financial market as planned in early 2022. Crude oil: crude oil (as of 3 a.m. Beijing time on July 15th) spot Brent closed at $43.67/barrel, up $0.03 from the previous trading day, or an increase of 0.07%. WTI closed at US$40.55 per barrel, up US$0.23 from the previous trading day, or 0.57%. Affected by this, non-ferrous metals fell across the board. As of the close, London copper fell 0.7%, London aluminum fell 0.44%, London zinc fell 2.77%, London nickel fell 0.91%, London tin fell 0.55%, London lead fell 1.78%; the domestic market , Shanghai copper fell 0.08%, Shanghai aluminum fell 0.89%, Shanghai zinc fell 0.99%, Shanghai lead fell 0.29%, Shanghai nickel fell 0.39%, Shanghai tin fell 0.48%, thread fell 0.37%, stainless steel fell 0.37%.

The trend of London tin: The electronic disk of LENSX opened on July 13 at $17,275/ton, the highest was $17,400/ton, and the lowest was $17,160/ton, closing at $17,285/ton, down $95/ton, down 0.55%.

The trend of Shanghai Tin: Shanghai Futures Tin's main 2009 contract opened on July 13 at 142,510 yuan/ton, with a maximum of 143,110 yuan/ton and a minimum of 142,170 yuan/ton, closing at 142,430 yuan/ton, down 310 yuan/ton.

The futures market performed generally at the night of July 13, the metal fell across the board, and the downstream demand of tin performed generally. The recent market is mainly affected by the futures market. It is expected that the spot tin market will decline slightly today.

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