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SunSirs: London Tin and Shanghai Tin Fell in Night Trading
September 10 2020 07:58:48SunSirs(Linda)

The BPI of the Commodity Price Index on September 8 was 781 points, an increase of 1 point from September 7, a decrease of 23.36% from the highest point in the period of 1,019 points (2012-04-10), and the lowest from February 03, 2016 660 points increased by 18.33%. (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 September 8 was 74.92, an increase of 0.47 points from September 7, a decrease of 25.27% 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 74.80%. (Note: Period refers to 2011-09-01 to present).

Fundamentally, in late New York trading, the U.S. dollar index rose 0.46% to 93.5006, rising for six consecutive days; offshore renminbi fell 0.3% against the U.S. dollar, and USDCNH reported 6.8537; on September 8 (Tuesday), U.S. stocks plunged again, falling for three consecutive days. The Dow closed down more than 630 points, the Nasdaq fell more than 4%, and the S&P 500 index fell nearly 3%. National leaders said that they must firmly grasp the strategic basis of expanding domestic demand, protect and stimulate the vitality of market players, and ensure that macro policies are effective. , To improve the stability and competitiveness of the supply chain of the industrial chain; crude oil market: yesterday's crude oil (as of September 9th, 3 a.m. Beijing time) spot Brent closed at $38.505/barrel, down $1.995 from the previous trading day, or 4.93% . WTI closed at 37.19 US dollars per barrel, down 2.96 US dollars from the previous trading day, or 7.37%. Yesterday, the LME outer metal fell collectively. LME copper fell 1.2%, LME aluminum fell 0.14%, LME zinc fell 3.45%, LME nickel fell 1.78%, LME tin fell 1.15%, and LME lead fell 2.89%; the domestic market fell across the board, Shanghai copper Shanghai aluminum fell 0.28%, Shanghai zinc fell 2.54%, Shanghai lead fell 1.5%, Shanghai nickel fell 1.7%, Shanghai tin fell 1.6%, thread fell 0.48%, and stainless steel fell 2.16%.

LME tin trend: LME tin closed overnight at 18,070 US dollars/ton, down 210 US dollars/ton, or 1.15%.

Shanghai tin trend: the main 11 contract of Shanghai tin in the night trading closed at 144,940 yuan/ton, down 2390 yuan/ton, or 1.62%.

In the near future, the market is mainly based on on-demand purchases, with average transactions and average downstream demand. It is expected that today's spot tin prices will decline slightly.

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

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