SunSirs: LME Tin Rose at Night

On March 4, the tin commodity index was 70.34, up 0.35 points from yesterday, down 29.84% from the cycle's highest point of 100.25 (September 5, 2011), and up 64.12% from the lowest point of 42.86 on December 9, 2015. (Note: cycle refers to September 1, 2011 to now).

On March 4, the U.S. dollar stopped falling and rebounded. The U.S. dollar index rose 0.43% at one time, refreshing to 97.60. On Wednesday, the three major U.S. stock indexes rose sharply, while the Dow rose nearly 1200 points. By the end of the day, the Dow was up 4.53%, the Nasdaq was up 3.85%, and the S & P 500 was up 4.22%. Major European indexes ended higher, with the FTSE 100 up 1.45%, Germany's DAX up 1.19% and France's CAC40 up 1.33% by the end of the day. In Asia, South Korea's Seoul composite index rose 2.24% to 2,059.33 on Wednesday. Japan shares closed higher on Wednesday; the Nikkei 225 index rose 0.10% to 21,104.60. In terms of international oil prices, by the end of the day, WTI crude oil futures fell 0.40 USD, or 0.85%, to 46.78 USD/barrel. Brent crude oil futures fell 0.73 USD, or 1.41%, to 51.13 USD/ barre. Most of the metals in LME market fell, with LME tin up 1.53%, LME zinc down 0.05%, LME nickel down 0.04%, LME aluminum down 0.26%, LME lead down 0.65%, LME copper up 0.62%, most of the domestic metals floating green, the thread up 1.64%, Shanghai copper down 0.75%, Shanghai aluminum down 0.67%, Shanghai lead down 0.86%, Shanghai zinc down 1.2%, Shanghai nickel down 0.06%, Shanghai tin up 0.58%, stainless steel down 0.75%.

Trend of LME tin: LME tin electronic disk opened at $16,770/ton on March 4, with a maximum of $17,160/ton and a minimum of $16,750/ton, and closed at $16,970/ton, up $255/ton. 508 trades in the whole day; 19,185 positions, reduced by 25. The inventory was 7,460 tons, flat compared with the previous period.

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

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