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SunSirs: London Lead and Shanghai Lead Went Lower at Night
September 04 2020 08:09:05SunSirs(Linda)

On September 2, the BPI of the Commodity Price Index was 776 points, an increase of 2 points from September 1, and a decrease of 23.85% from the highest point in the cycle at 1,019 points (2012-04-10), and the lowest from February 03, 2016 660 points increased by 17.58%. (Note: Period refers to 2011-12-01 till now).

The lead commodity index on September 2 was 96.71, a decrease of 0.45 points from September 1, a decrease of 27.83% from the cycle high of 134.01 points (2016-11-29), and a decrease of 27.83% from the lowest point of 74.63 points on March 19, 2015 An increase of 29.59%. (Note: Period refers to 2011-09-01 to present).

In late New York trading, the U.S. dollar index rose 0.16% to 92.3231; the offshore renminbi rose 110 basis points to 6.8369 against the U.S. dollar; ADP employment in the United States increased by 428,000 in August, the third largest increase on record, but it is still not as fast The market expects 950,000 people; the U.S. Department of Labor’s forecast shows that from 2019 to 2029, the growth rate of U.S. employment will be significantly slower than that from 2009 to 2019. At the same time, the average annual growth rate of real gross domestic product (GDP) will also increase. Slow; Crude Oil Market: Yesterday's crude oil (as of 3 a.m. Beijing time on September 3) spot Brent closed at $43.035/barrel, down $1.27 or 2.87% from the previous trading day. WTI closed at $41.85/barrel, down $1.23 from the previous trading day, or 2.86%. The prices of metals in the external disk were mixed. Nickel rose 1.1%, tin rose 1%, copper rose 0.07%, zinc fell 1.2%, aluminum fell 1.5%, lead fell 1.97%, and the domestic futures market fell more and less. Shanghai aluminum fell 0.9%, Shanghai lead fell 0.8%, Shanghai zinc fell 0.7%, Shanghai copper fell 0.6%, Shanghai nickel rose 0.3%, and Shanghai tin rose 0.8%.

LME lead trend: LME led quotation opened at US$1,976/ton last night, as low as US$1,931.5/ton, and closed at US$1,936.5/ton, down by US$39/ton or 1.97% from the previous trading day; 4,719 lots were traded.

Shanghai lead trend: The domestic night trading Shanghai Lead 2009 contract opened at 15,820 yuan/ton and closed at 15,695 yuan/ton, down 150 yuan/ton, or 0.95%.

LM Lead rose nearly 0.3% in early trading today, and domestic Shanghai lead fell nearly 0.3%. The futures market rose and fell generally. The spot market has not been adjusted today, and the ex-factory prices are mostly stable.

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

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