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SunSirs: London Lead and Shanghai Lead Slightly Decline in Night Market
August 14 2020 08:30:51SunSirs(Linda)

On August 12, the commodity price index BPI was 762 points, a decrease of 1 point from August 11, and a decrease of 25.22% from the highest point in the cycle at 1,019 points (2012-04-10), and the lowest from February 03, 2016 660 points rose 15.45%. (Note: Period refers to 2011-12-01 till now).

SunSirs data monitors the BPI index curve of the commodity price index as follows:

The lead commodity index on August 12 was 98.15, a decrease of 0.61 points from August 11, a decrease of 26.76% from the cycle high of 134.01 points (2016-11-29), and a decrease of 26.76% from the lowest point of 74.63 points on March 19, 2015. An increase of 31.52%. (Note: Period refers to 2011-09-01 to present).

In late New York City, the U.S. dollar index fell 0.23% to 93.4394; the offshore renminbi rose 0.14% against the U.S. dollar, and USDCNH reported 6.9330; the unadjusted CPI in July rose 1.0% year-on-year, and is expected to rise 0.8%, and the previous value rose 0.6%; seasonally adjusted After the month-on-month increase of 0.6%, is expected to rise by 0.3%, and the previous value is up by 0.6%; the euro zone’s industrial output in June increased by 9.1%, expected to be 10%, and the previous value was 12.40%; crude oil market: crude oil yesterday (as of 8 Beijing time At 3 o'clock on the 13th) Spot Brent closed at US$45.095 per barrel, up US$0.27 or 0.6% from the previous trading day. WTI closed at $42.95/barrel, up $1.08 from the previous trading day, or 2.58%. Yesterday, LME metals fell more and rose less. London copper rose 0.47%, London zinc fell 1.1%, London tin fell 1.02%, London nickel fell 0.63%, London lead fell 0.18%, and London aluminum fell 0.06%. The domestic night market was mixed. Shanghai copper rose 1.36%, Shanghai nickel rose 0.67%, Shanghai zinc rose 0.31%, Shanghai aluminum rose 0.21%, Shanghai tin fell 1.03%, and Shanghai lead fell 1.05%.

LME lead trend: LME lead opened at US$1,952.5/ton last night, the lowest was US$1,931.5/ton, the highest was US$1,963.5/ton, and it closed at US$1,949/ton, down US$3.5/ton, or 0.18%.

Shanghai lead trend: China night trading Shanghai lead 2008 contract opened 15,880 yuan/ton, the lowest was 15,850 yuan/ton, the highest was 15,880 yuan/ton, and it closed at 15,850 yuan/ton, down 40 yuan/ton, or 0.25%.

The futures market declined slightly, but the current Chinese spot market atmosphere is good, driven by market peak season expectations, spot prices fluctuate mainly, and it is expected that the Shanghai lead will continue its weak adjustment today.

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

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