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SunSirs: London Lead at Night Closed up
October 13 2020 07:52:18SunSirs(Linda)

On October 11, the BPI of the commodity price index was 790 points, which was the same as on October 10, which was a decrease of 22.47% from the highest point in the cycle of 1019 points (2012-04-10) and 660 points from the lowest point on February 3, 2016 An increase of 19.70%. (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 October 11 was 90.83, which was the same as on October 10. It was 32.22% lower than the cycle high of 134.01 points (2016-11-29), and it was 21.71 higher than the lowest point of 74.63 points on March 19, 2015. %. (Note: Period refers to 2011-09-01 to present).

In late New York trading last Friday, the U.S. dollar index fell 0.61% to 93.0109, and fell 0.85% this week for two consecutive weeks; the offshore renminbi rose 0.71% against the U.S. dollar, and USDCNH reported 6.6907; the Securities Regulatory Commission announced on October 9 that Approved by the State Council, the China Securities Regulatory Commission decided to set up a preparatory team for the Guangzhou Futures Exchange and start the preparatory work for the Guangzhou Futures Exchange. This marked the beginning of the substantive stage of the creation of the Guangzhou Futures Exchange. Affected by this, LME lead fell nearly 0.7% in early trading today, LME copper fell nearly 0.6%, LME nickel and LME tin fell nearly 0.4%, LME aluminum and LME zinc fell nearly 0.3%. In the domestic futures market, Shanghai lead fell nearly 1%. Shanghai Tin fell nearly 0.3%, Shanghai Zinc and Shanghai Copper fell nearly 0.1%, and Shanghai Aluminum and Shanghai Nickel rose nearly 0.6%.

LME lead trend: The US dollar index fell sharply last Friday, and the LME non-ferrous metals rose across the board. LME LME lead rose on Friday, with an opening price of US$1,794.5/ton, a minimum of US$1,782.5/ton, a maximum of US$1,819/ton, an increase of US$26.5/ton, an increase of 1.48%. 5,442 lots were traded.

Shanghai lead trend: Shanghai lead 2010 contract opened at 14870 yuan/ton and closed at 14870 yuan/ton, down 30 yuan/ton, or 0.20%.

The downstream demand is gradually weakening, the demand for lead ingots is average, and the fundamentals of the lead market are not ideal. The market outlook is mainly under pressure.

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

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