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SunSirs: London Tin and Shanghai Tin Rose in Night Trading
September 24 2020 08:02:21SunSirs(Linda)

On September 22, the commodity price index BPI was 786 points, a decrease of 2 points from September 21, a decrease of 22.87% from the cycle high of 1019 points (2012-04-10), and the lowest from February 03, 2016 660 points increased by 19.09%. (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 22 was 73.51, an increase of 0.1 point from September 21, a decrease of 26.67% from the highest point in the cycle of 100.25 points (2011-09-05), and a decrease of 26.67% from the lowest point of 42.86 points on December 9, 2015. An increase of 71.51%. (Note: Period refers to 2011-09-01 to present).

In late New York trading, the U.S. dollar index rose 0.56% to 93.5296; the offshore renminbi fell 135 basis points to 6.7928 against the U.S. dollar; U.S. Treasury Secretary Mnuchin testified before the House of Representatives Financial Services Committee that he would continue to cooperate with Congress to formulate the fourth phase. British Prime Minister Johnson announced a six-month epidemic prevention measures to re-encourage people to work from home, while requiring bars and restaurants in England to close at 10 pm. Crude oil market: Yesterday's crude oil (as of 3 a.m. Beijing time on September 23) spot Brent closed at 41.065 US dollars per barrel, an increase of 0.75 US dollars from the previous trading day, an increase of 1.86%. WTI closed at $39.8/barrel, up $0.26 from the previous trading day, or 0.66%. LME outer metal prices were mixed: LME copper rose 1.26%, Lunxi rose 1%, LME nickel rose 0.28%, LME zinc fell 0.14%, LME aluminum fell 0.17%, LME lead fell 0.5%; domestic futures night trading: Shanghai Tin rose 1.42%, Shanghai lead rose 0.91%, Shanghai aluminum rose 0.17%, Shanghai copper rose 0.02%, Shanghai zinc fell 0.23%, and Shanghai nickel fell 0.26%.

The trend of London tin: London tin had a volatile trend last night. The closing price was $18,250/ton, up $180, or 1%.

The trend of Shanghai tin: The main 11 contract of Shanghai tin futures operated strongly last night, and the closing price was 145,950 yuan/ton, an increase of 2,050 yuan, or 1.42%.

Myanmar's epidemic prevention ban continues to be delayed, and the mine supply continues to be tight. After the increase in silver production, the monthly supply of silver can be increased by about 600 tons, which slightly alleviates the impact of the shortage of supply. The downstream demand is general, and the recent supply of tin ingots is relatively sufficient.

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