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SunSirs: London Lead and Shanghai Lead Closed up at Night
September 16 2020 07:45:56SunSirs(Linda)

On September 14, the BPI of the Commodity Price Index was 782 points, an increase of 2 points from September 13, and a decrease of 23.26% from the cycle's highest point of 1,019 points (2012-04-10), and the lowest from February 03, 2016 660 points increased by 18.48%. (Note: Period refers to 2011-12-01 till now).

The lead commodity index on September 14 was 91.38, a decrease of 0.15 points from September 13, a decrease of 31.81% from the cycle high of 134.01 points (2016-11-29), and a decrease of 31.81% from the lowest point of 74.63 points on March 19, 2015 An increase of 22.44%. (Note: Period refers to 2011-09-01 to present).

Fundamentally, in late New York trading, the U.S. dollar index fell 0.21% to 93.586; offshore renminbi rose 0.35% to the U.S. dollar, and USDCNH reported 6.8085; statistics from the Bureau of Statistics showed that in August, the sales prices of newly built commercial residential buildings in first-tier, second-tier, and third-tier cities rose respectively from the previous month. 0.6%, 0.6%, 1.0%, up 3.9%, 5.0%, 4.5% year-on-year; Russian Ministry of Economic Development predicts that the economy will shrink by 3.9% in 2020, expected -4.8%; crude oil market: crude oil yesterday (as of September 15 Beijing time At 3 o'clock in the morning) Spot Brent closed at $38.395 per barrel, down $0.65 from the previous trading day, or 1.66%. WTI closed at US$37.56 per barrel, a decrease of US$0.09 or 0.24% from the previous trading day. Last night, LME’s outer metal was all online, LME copper rose 0.96%, LME aluminum rose 1.52%, LME zinc rose 0.34%, LME nickel rose 1.03%, LME tin rose 0.78%, LME lead rose 1.72%; domestic futures market prices rose, Shanghai Copper rose 0.23%, Shanghai aluminum rose 0.76%, Shanghai zinc rose 0.51%, Shanghai lead rose 1.07%, Shanghai nickel rose 0.95%, Shanghai tin fell 0.19%, thread rose 0.14%, and stainless steel rose 0.77%.

LME lead trend: LME lead opened overnight at US$1889.5/ton, the lowest was US$1884/ton, the highest was US$1930/ton, and it closed at US$1924/ton, up US$32.5/ton, or 1.72; 3,818 lots were traded.
Shanghai lead trend: The main domestic night trading Shanghai lead 2010 contract opened 15,090 yuan/ton, the lowest was 14,940 yuan/ton, the highest was 15,100 yuan/ton, and it closed at 15,095 yuan/ton, up 160 yuan/ton, or 1.07%. 15,070 lots were traded.

Last night, the LME lead rose, and the domestic futures market followed the rise. Today's market price followed the rise. The pre-holiday stocking sentiment was strong. It is expected that the spot lead price will be boosted by pre-holiday stocking in the near future, and the price is mainly stable and strong.

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

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