SunSirs: LME Tin Fell at Night
February 05 2020 09:31:01 SunSirs (Linda)
On February 3, the tin commodity index was 70.62, down 1.31 points from yesterday, down 29.56% from the cycle's highest point of 100.25 (September 5, 2011), and up 64.77% from the lowest point of 42.86 on December 9, 2015. (Note: cycle refers to September 1, 2011 to now).
The U.S. dollar index rebounded on February 3, affected by better than expected important U.S. economic data. The U.S. dollar was up 0.47% at 97.842, while crude oil futures for March delivery on the New York Mercantile Exchange closed 2.81% lower at $50.11 a barrel. London Brent crude oil futures for April delivery closed at $54.45 a barrel, down 3.83%. Affected by this, most metals in LME fell, with copper up 0.01%, aluminum down 1.65%, zinc down 1.95%, nickel down 0.55%, tin down 1.55%, lead down 2.48%; night trading was suspended in the domestic market.
LME tin trend: LME tin electronic disk opened at 16,345 US dollars/ton, with a maximum of 16,470 US dollars/ton and a minimum of 16,125 US dollars/ton, closing at 16,180 US dollars/ton, down 255 US dollars/ton. 353 transactions were completed in the whole day; 18,826 positions were held, a decrease of 100. The inventory is 6,650 tons, a decrease of 110 tons compared with the previous period.
Shanghai Tin trend: Night trading is suspended in the domestic market.
The curve of tin commodity price index monitored by the data of SunSirs is as follows:
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