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SunSirs: London Lead and Shanghai Led Went Slightly Lower when Closing
July 16 2020 08:23:30SunSirs(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 lead commodity index on July 14 was 94.26, an increase of 0.31 points from July 13, a decrease of 29.66% from the highest point in the cycle of 134.01 points (2016-11-29), and an increase of 26.30 from the lowest point of 74.63 points on March 19, 2015 %. (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 lead: LME lead opened at 1,885.5 US dollars / ton, the lowest was 1,843.5 US dollars / ton, and finally reported at 1,851 US dollars / ton, a decrease of 1.78%.

The trend of Shanghai lead: Shanghai lead opened at 15,415 yuan/ton, the lowest was 15,310 yuan/ton, and closed at 15,405 yuan/ton, a decrease of 0.29%.

The futures market performed generally last night, the metal fell across the board, the primary lead market is still in the off-season, and the spot price is expected to decline slightly today.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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