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SunSirs: London Tin and Shanghai Tin Went down at Night
August 14 2020 08:33:16SunSirs(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 Tin Commodity Index on August 12 was 73.24, a decrease of 0.71 points from August 11, a decrease of 26.94% 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 9, 2015. An increase of 70.88%. (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%.

Lunxi trend: LME tin fell yesterday. The lowest price last night was US$17,520/ton, down US$180/ton, or 1.02%.

The trend of Shanghai tin: The main contract of Shanghai tin night trading reported 141,620 yuan/ton, down 1,470 yuan, or 1.03%.

Downstream terminal demand has entered the off-season, and no electronics industry performed slightly better. It is expected that the spot tin market today will follow the trend of futures, with a slight decline.

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

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