SunSirs--China Commodity Data Group

Sign In

Join Now

Home > Commodity News > News Detail
Commodity News
SunSirs: London Tin and Shanghai Tin Prices Rise in Night Trading
December 09 2020 09:15:28SunSirs(Linda)

On December 7, the BPI of the Commodity Price Index was 866 points, an increase of 4 points from December 6, a decrease of 15.01% from the highest point in the cycle of 1019 points (2012-04-10), and the lowest from February 03, 2016 660 points increased by 31.21%. (Note: The period refers to 2011-12-01 till now).

The Tin Commodity Index on December 7 was 75.17, an increase of 0.57 points from December 6, a decrease of 25.02% from the cycle high 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 75.38%. (Note: Period refers to 2011-09-01 to present).

On Monday, the U.S. dollar index rose 0.19% to 90.8650; the offshore renminbi fell 0.04% against the U.S. dollar, and USDCNH reported 6.5194; the State Administration of Foreign Exchange released data showing that as of the end of November 2020, China’s foreign exchange reserves amounted to 3,178.5 billion U.S. dollars, an increase from the end of October. US$50.5 billion, an increase of 1.61%; according to CME’s “Federal Reserve Observation”: the probability of the Federal Reserve maintaining interest rates in the 0%-0.25% range in December is 100%, and the probability of raising interest rates by 25 basis points to the 0.25%-0.50% range is 0 %; the probability of maintaining interest rates in the 0%-0.25% range in January next year is 100%, and the probability of raising interest rates by 25 basis points is 0%. Last night, the outer metal market in London was mixed. London copper fell 0.5%, London aluminum fell 1.4%, London zinc rose 2.15%, London nickel fell 0.06%, London tin rose 0.6%, and London lead rose 2.8%; in the domestic market, international copper fell 0.2% and Shanghai copper fell 0.3%. Shanghai aluminum fell 0.5%, Shanghai zinc rose 1.94%, Shanghai lead rose 1.83%, Shanghai nickel rose 1%, Shanghai tin rose 1%, thread rose 1.55%, and stainless steel fell 0.04%.

LME tin trend: LME tin rose by US$120/ton and closed at US$19,115/ton.
Shanghai tin trend: the main force of Shanghai tin in the night trading rose 1480 yuan/ton, and the closing price was 149,500 yuan/ton.

The futures market Lentium tin rose 0.6%, Shanghai tin rose 1%, the spot market was mainly driven by the upward price, and the mine supply remained tight.

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

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products