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SunSirs: London Tin and Shanghai Tin Sluctuate Mainly in Night Trading
December 03 2020 08:17:24SunSirs(Linda)

On December 1, the BPI of the commodity price index was 859 points, a decrease of 1 point from November 30, a decrease of 15.70% from the highest point in the cycle of 1019 points (2012-04-10), and the lowest from February 03, 2016 660 points increased by 30.15%. (Note: The 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 December 1 was 74.66, a decrease of 0.92 points from November 30, a decrease of 25.53% from the highest point in the cycle of 100.25 points (2011-09-05), and a decrease of 42.86 points from the lowest point on December 9, 2015. An increase of 74.20%. (Note: Period refers to 2011-09-01 to present).

In late New York trading, the U.S. dollar index fell 0.93% to 91.1801, the largest one-day decline in eight months; the offshore renminbi rose 0.5% against the U.S. dollar, and USDCNH reported 6.5516; U.S. Democratic and Republican senators said they would announce a scale A $908 billion economic stimulus package to break the current deadlock, but no agreement has been reached; the Institute of Supply Management (ISM) announced that the November manufacturing index fell from 59.3 in October to 57.5. The new orders index fell from 67.9 to 65.1, from a 17-year high; the employment index also fell from 53.2 to 48.4. Crude oil prices: as of 3 a.m. Beijing time on December 2) Spot Brent closed at $47.015 per barrel, up $0.625 from the previous trading day, or 1.35%. WTI closed at $44.73/barrel, down $0.78 from the previous trading day, or 1.71%. Affected by this, the LME outer metal market was mixed last night. LME copper rose 1.6%, LME zinc fell 0.6%, LME lead rose 0.66%, LME nickel rose 1.2%, LME tin rose 1.1%, LME lead fell 0.05%, domestic In the futures market, Shanghai aluminum rose 1.4%, Shanghai copper rose 0.03%, Shanghai nickel fell 0.14%, Shanghai zinc fell 0.33%, Shanghai tin fell 0.35%, and Shanghai lead fell 1.3%.

London tin trend: LME London tin rose 145 US dollars / ton, closing price 18825 US dollars / ton.

Shanghai tin trend: the main Shanghai tin contract in the night trading fell 520 yuan/ton, and the closing price was 146360 yuan/ton.

The domestic mine supply is still tight, and the difficulty of mining in winter has increased, which has exacerbated the tight supply situation. There has been no major change in downstream demand. The downward dollar index has driven the metal market. London tin closed slightly. It is expected that today's spot market prices will fluctuate mainly .

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