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SunSirs: London Lead and Shanghai Lead Closed up at Night
September 24 2020 08:08:07SunSirs(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 Lead Commodity Index on September 22 was 93.97, an increase of 0.61 points from September 21, a decrease of 29.88% from the highest point in the cycle of 134.01 points (2016-11-29), and a decrease of 29.88% from the lowest point of 74.63 points on March 19, 2015 An increase of 25.91%. (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%.

LME lead trend: LME lead fluctuated slightly. The opening price was US$1,897/ton, and the closing price was US$1,877.5/ton. In late trading, it closed down US$9.5/ton, or 0.50%. 2855 hands were traded, and open interest decreased by 453 hands to 107,150 hands.

Shanghai lead trend: The opening price of the main domestic night Shanghai lead 2010 contract was 15,285 yuan/ton, and the closing price was 15,470 yuan/ton, up to 15,615 yuan/ton, an increase of 140 yuan/ton, or 0.91%; 14,874 lots were traded, and open interest decreased by 1042 Hand to 12269 hands.

The lead season is not prosperous, and most of the downstream consumer battery companies mainly maintain on-demand procurement. Primary lead production is relatively stable, and battery operating rate is relatively high. The overall inventory of spot lead declined slightly.

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