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SunSirs: Morning News of Aug 29, SND and SN Rose at Night
September 02 2019 15:14:13SunSirs(Linda)

On Aug 28, the Tin Commodity Index was 66.93, 0.13 fewer than that of Aug 27, 33.24% lower than the peak of 100.25 in the cycle (Sep 5, 2011), and 56.16% higher than the lowest point of 42.86 (Dec 9, 2015). (Cycle: Sep 1, 2011 to date)

On Aug 28, the dollar index rose, USD started this week with weakness, overnight, CNH fell 0.04% against USD,USDCNH PREV CLOSE 7.1700; The State Council: Unleashing the potential of automobile consumption, the inflection point of automobile industry is approaching; From Sep 2, Tariff Commission of the State Council will formally accept the applications for exemption from its second-round of additional tariffs on US imports; Continuing to pay attention to global trade relations and the hot situations in Britain, Italy, Argentina and so on. Affected by this, the foreign metal market rose and fell by half, ZSD decreased 0.59%, NID increased 4.09%, AHD decreased 0.62%, CAD increased 0.43%, PBD decreased 1.29%, SND increased 0.25%;The domestic metal market closed up mostly, ZN increased 0.16%, AL increased 0.24%, PB decreased 1.29%,CU increased 0.17%, SN increased 0.88%, NI increased 1.22%, RB increased 1.37%.

SND trend: On Aug 27, the opening price of SND’s electronic disk was 15,750USD/t, the highest one was 16,010USD/t, the lowest one was 15,725USD/t, the closing price was 15,780USD/t, the price increased 40USD/t, and the volume was 306 lots all day; Open interest was 18,170 lots, increased 29 lots. The inventory was 6,970t, 215t more than before.

SN trend: On Aug 27, the opening price of SN2001 at night was 128,830RMB/t, the highest one was 129,980RMB/t, the lowest one was 128,830RMB/t, the closing price was 129,620RMB/t, the price increased 620RMB/t. The volume was 10,508 lots, the open interest was 38,648 lots, decreased 702 lots.

 

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