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SunSirs: London Tin and Shanghai Tin Fluctuate Mainly in Night Trading
November 24 2020 08:29:46SunSirs(Linda)

On November 22, the commodity price index BPI was 851 points, which was the same as on November 21. It was 16.49% lower than 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 28.94%. (Note: The period refers to 2011-12-01 till now).

SunSirs data monitors the BPI index curve of the commodity price index as follows:

On November 22, the Tin Commodity Index was 74.61, which was the same as on November 21. It was 25.58% lower than the highest point in the cycle of 100.25 points (2011-09-05), and 74.08 higher than the lowest point of 42.86 points on December 9, 2015. %. (Note: Period refers to 2011-09-01 to present).

In late New York trading, the U.S. dollar index fell 0.06% to 92.4043, a five-day losing streak, a record low in more than two months; the offshore renminbi fell 0.23% against the U.S. dollar, and USDCNH reported 6.5626; the World Trade Organization issued a report saying that export orders grew rapidly. In the third quarter of this year, global trade in goods rebounded strongly, but there is still uncertainty about whether this growth trend will continue in the future. The latest issue of the "Barometer of Trade in Goods" released by the WTO on the same day showed that the global trade in goods boom index reached 100.7, which was a significant increase from the 84.5 released in August; Premier Li Keqiang pointed out that it is necessary to fully understand the current domestic and international situation. It is complicated and severe, with great uncertainty, seeking truth from facts, taking into account the long-term and short-term plans for the next development, maintaining policy continuity, effectiveness and sustainability; reasonably grasping policy strength, selecting policy tools, and continuing to adhere to the experience explored. The effective direct mechanism and other reform measures should be adhered to; crude oil prices: As of 3 am on November 21, Beijing time, spot Brent closed at US$43.435/barrel, up 0.57 US dollars or 1.33% from the previous trading day. WTI closed at $42.42 per barrel, up $0.52 from the previous trading day, or 1.24%. Affected by this, the LME London market in the night trading last Friday was mixed. LME copper rose 2.4%, LME aluminum fell 0.1%, LME zinc rose 1.7%, LME nickel rose 1.9%, LME tin fell 0.1%, and LME lead rose 3%. ; The domestic night futures market mostly rose, Shanghai copper rose 2.1%, Shanghai aluminum rose 0.1%, Shanghai zinc rose 1%, Shanghai lead rose 4%, Shanghai nickel rose 1.8%, Shanghai tin fell 0.23%, and thread rose 1.2%. Stainless steel rose 1.5% and Shanghai lead rose 4%.

London tin trend: Last Friday, LME tin closed down by US$25/ton and reported at US$18,725/ton.

Shanghai tin trend: The main Shanghai tin contract in the night trading last Friday closed down 340 yuan/ton to 146,520 yuan/ton.

The tin futures market fluctuated mainly, and the spot market price remained stable today.

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

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