SunSirs: LME Tin Declined on February 9

On February 9, the tin commodity index was 70.68, unchanged from yesterday, down 29.50% from the highest point in the cycle of 100.25 (September 5, 2011), and up 64.91% from the lowest point of 42.86 on December 9, 2015. (Note: cycle refers to September 1, 2011 to now).

On February 9, the lead commodity index was 88.02, the same as that of yesterday, 34.32% lower than 134.01 (November 29, 2016), and 17.94% higher than 74.63, the lowest point on March 19, 2015. (Note: cycle refers to September 1, 2011 to now).

After January's quarter adjustment, the number of non-agricultural employment in the United States increased by 225,000, expected to reach 160,000, with the previous value of 145,000. The unemployment rate of the United States in January was 3.6%, 3.5% of the previous value and 3.5% of the expected value; the Minister of energy of Algeria: OPEC + Joint Technical Committee proposed to extend the current crude oil supply reduction plan to the end of 2020; the crude oil: Brent closed at $54.5, down 1.12%; WTI closed at $50.31, down 1.49%. Affected by this, LME metals fell generally, with LME copper down 1.52%, LME aluminum down 1.12%, LME zinc down 2.53%, LME nickel down 2.06%, LME tin down 2.43%, LME lead down 1.68%; night trading was suspended in the domestic market. Trend of Shanghai lead: domestic market suspended night trading.

Trend of LME tin: LME tin electronic disk opened at 16,620 dollars per ton yesterday, with a maximum of 16,735 dollars per ton and a minimum of 16,180 dollars per ton, closing at 16,290 dollars per ton, down 405 dollars per ton. 264 trades were closed all day; 19,148 positions were held, an increase of 113. The inventory is 6,520 tons, 20 tons less than that of the previous period.

Trend of Shanghai tin: Night trading is suspended in the domestic market.

The curve of tin commodity price index monitored by the data of business agency is as follows:

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