SunSirs, Oct 15

On Oct 14, the Tin Commodity Index was 70.39, 0.58 higher than that of yesterday, 29.79% lower than the peak of 100.25 in the cycle (Sep 5, 2011), and 64.23% higher than the lowest point of 42.86 (Dec 9, 2015). (Cycle: Sep 1, 2011 to date)

The main financial data of the nonferrous metal market: On Oct 14, the U.S. dollar index continued Friday's trend and kept swinging up, mainly due to the unclear trade prospects and optimistic expectations of the brexit negotiation, the U.S. dollar closed at 98.457, increasing nearly 0.1%. The US steel tariff on Turkey raised to 50%, back to the level before the tax cut in May, and immediately stopped the negotions with turkey on trade agreements which worth 100 billion US dollar. On the aspect of crude oil, due to the lack of details in the first phase of the Sino US trade agreement, the optimism on trade relations was weakened. Previously, the easing of trade relations had boosted oil prices last weekend, and the market's excitement on the trade agreement had subsided, Brent crude oil fell more than 2% to 60. LME market decreased mainly, PBD decreased almost 1.8%, NID decreased almost 1.3%, SND decreased almost 0.5%, ZSD decreased almost 0.3%, AHD decreased almost 0.2%, CAD decreased almost 0.3%. The domestic market mainly decreased as well. RB and SS decreased over almost 2%，NI decreased almost 1.6%, PB decreased almost 0.9%, ZN decreased almost 0.5%, SN decreased almost 0.2%, CU decreased almost 0.1%, AL decreased almost 0.1%.

SND trend: Last night, the opening price of SND’s electronic disk was 16,600USD/t, the highest one was 16,675USD/t, the lowest one was 16,475USD/t, the closing price was 16,550USD/t, the price decreased 90USD/t. The volume was 226 lots all day; Open interest was 18486 lots, increased 269 lots. The inventory was 6,590t, 15t less than before.

SN trend: Last night, the opening price of SN2001 was 137,350RMB/t, the highest one was 137,770RMB/t, the lowest one was 136,180RMB/t, the closing price was 136,940RMB/t, the price decreased 280RMB/t. The volume was 15,044 lots, the open interest was 40,124 lots, decreased 68 lots.

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