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SunSirs: London Tin and Shanghai Tin Fluctuated in Night Trading
December 24 2020 08:39:20SunSirs(Linda)

On December 22, the commodity price index BPI was 896 points, an increase of 2 points from December 11, and a decrease of 12.07% from the highest point in the cycle of 1019 points (2012-04-10), and the lowest from February 3, 2016 660 points increased by 35.76%. (Note: The period refers to 2011-12-01 till now).

The lead commodity index on December 22 was 87.68, a decrease of 1.14 points from December 11, a decrease of 34.57% from the cycle high of 134.01 points (2016-11-29), and a decrease of 34.57% from the lowest point of 74.63 points on March 19, 2015 An increase of 17.49%. (Note: Period refers to 2011-09-01 to present).

In late New York trading, the U.S. dollar index rose 0.61% to 90.63, rising for three consecutive days, setting a new one-week high; offshore renminbi fell 0.1% against the U.S. dollar and USDCNH reported 6.5410; the US Congress approved a government spending bill totaling approximately US$2.3 trillion. Including about 900 billion U.S. dollars of anti-epidemic rescue stimulus plan and 1.4 trillion U.S. dollars of federal government spending plan, which can be used by the government to maintain expenditures until the end of the Japanese fiscal year on September 30 next year. This new bill is awaiting Trump's signature. The Ministry of Commerce requires that the 'six stability' work be well done, the 'six guarantees' task is fully implemented, and consumption is comprehensively promoted. According to data released by the French National Institute of Statistics and Economics (INSEE), the French public debt continued to rise to 2.6743 billion euros at the end of the third quarter of this year, reaching 116.4% of its gross domestic product (GDP); the US Treasury Department’s task force: After the turmoil in March, US policymakers should consider money market fund reform; US stocks closed mixed on Tuesday, and the S&P 500 index closed down for the third consecutive day. The Dow fell 200.94 points, or 0.67%, to 30015.51 points; the Nasdaq rose 65.40 points, or 0.51%, to 1,2807.92 points; the S&P 500 index fell 7.66 points, or 0.21%, to 3,687.26 points. Crude oil prices: As of 3 a.m. Beijing time on December 23, spot Brent closed at $50.295 per barrel, up $0.23 from the previous trading day, or 0.46%. WTI closed at $47.02/barrel, down $0.95 from the previous trading day, or 1.98%. Affected by this, the LME outer metal market fell mainly yesterday. LME copper fell 1.3%, LME zinc fell 1.5%, LME lead fell 1.3%, LME nickel fell 3.2%, LME tin fell 0.03%, and LME lead rose 0.05%. The domestic futures market fell across the board. International copper fell 1.36%, Shanghai copper fell 1.35%, Shanghai aluminum fell 0.9%, Shanghai lead fell 0.28%, Shanghai nickel fell 3.5%, Shanghai zinc fell 2.38%, Shanghai tin fell 0.24%, iron The mine fell more than 3%.

London tin trend: LME tin fell 15 US dollars / ton overnight, reported at 19,945 US dollars / ton.

Shanghai tin trend: The main force of Shanghai tin in the night trading fell by 370 yuan/ton to 151260 yuan/ton.

The demand for downstream purchases was general, and the tight supply of raw materials slightly supported market prices. Today's futures market fell, and the spot market fell.

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