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SunSirs: London Tin and Shanghai Tin Pick up Slightly at Night
August 07 2020 11:05:49SunSirs(Linda)

The BPI of the bulk commodity price index on August 5 was 761 points, which was an increase of 1 point from August 4, and a decrease of 25.32% from the highest point in the cycle of 1019 points (2012-04-10), and the lowest from February 03, 2016 660 points increased by 15.30%. (Note: Period refers to 2011-12-01 to present).

The Tin Commodity Index on August 5 was 74.06, a decrease of 0.2 points from August 4, a decrease of 26.12% from the cycle high of 100.25 points (2011-09-05), and a decrease of 42.86 points from the low of December 9, 2015. An increase of 72.80%. (Note: Period refers to 2011-09-01 to present).
In late New York trading, the U.S. dollar index fell 0.42% to 92.8458; offshore renminbi rose 0.43% against the U.S. dollar, and USDCNH reported 6.944; U.S. ADP employment increased by 167,000 in July, far less than the expected increase of 1.5 million, and the previous value increased by 2.369 million People; Central Bank: The current counter-cyclical adjustment of monetary policy is no longer small, and the current strength should be maintained, and there is no need to increase it; crude oil market: yesterday's crude oil (as of 3 a.m. on August 6, Beijing time) spot Brent closed at $45.92 / Barrel, up 1.75 US dollars from the previous trading day, or 3.96%. WTI closed at $42.43/barrel, up $0.52 from the previous trading day, or 1.24%. Affected by this, the metal market generally rose. London copper rose 0.56%, London aluminum fell 0.42%, London zinc rose 2.15%, London nickel rose 2.04%, London tin rose 0.62%, London lead rose 1.81%; domestic non-ferrous metals market Generally, Shanghai copper rose 0.27%, Shanghai aluminum fell 1.29%, Shanghai zinc rose 1.48%, Shanghai lead rose 1.45%, Shanghai nickel rose 1.68%, Shanghai tin rose 0.1%, screw thread rose 0.84%, and stainless steel rose 1.15%.

London tin trend: London tin electronic disk oscillated, closing at 17,855 US dollars / ton, up 110 US dollars, or 0.62%, the first rise in nearly seven trading days.

Shanghai tin trend: The Shanghai tin futures market rose first and then declined last night. The latest major contract reported at 146330 yuan/ton, up 150 yuan, or 0.10%.

The ban in Myanmar continued to be delayed until mid-August, and the mine supply was slightly tight. However, Yinman Mining is about to resume production, which can relieve some of the pressure on the mine. , The downstream demand is general.

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