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SunSirs: London Lead and Shanghai Lead Closed Down at Night
September 10 2020 08:00:45SunSirs(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 Lead Commodity Index on September 8 was 95.26, which was the same as on September 7, a decrease of 28.92% from the cycle high of 134.01 points (2016-11-29), and an increase of 27.64 from the lowest point of 74.63 on March 19, 2015. %. (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 lead trend: LME lead opened overnight at US$1970.5/ton, the highest was US$1972.5/ton, the lowest was US$1902/ton, and it closed at US$1915.5/ton, down US$57/ton, or 2.89%.

Shanghai Lead Trend: The opening price of the domestic night Shanghai Lead 2009 contract was 15,570 yuan/ton, the lowest was 15,310 yuan/ton, and the closing price was 15,310 yuan/ton, down 270 yuan/ton, or 1.73%.

The futures market generally fell last night, and the spot market is expected to be lowered today. Recently, lead smelters started operations slightly, and domestic destocking was slow.

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

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