SunSirs: Morning News of Sep 19, PBD and PB Rise Slightly at Night
September 19 2019 18:04:14 SunSirs (Linda)SunSirs, Sep 19
On Sep 18, the Lead Commodity Index was 102.47, 0.99 lower than that of Sep 17, 23.54% lower than the peak of 134.01 in the cycle (Nov 29, 2016), and 37.30% higher than the lowest point of 74.63 (Mar 19, 2015). (Cycle: Sep 1, 2011 to date)
The U.S. dollar rose on the 17th. The Federal Reserve announced its latest September interest rate resolution. The Federal Reserve cut interest rates by 25 basis points on schedule and adjusted the rates to 1.75-2.00%. After the announcement, the dollar index increased 15 points in the short term. US dollar closed at 98.539; API report: US crude oil inventories increased 592,000 barrels to 422.5 million barrels last week, US crude oil imports increased 129,000 barrels per day to 6.9 million barrels per day last week. Affected by this, the foreign metal market had both increases and decreases, SND increased 0.06%, ZSD fell 1%, PBD increased 1.12%，AHD fell 0.06%，CAD fell 0.18%, NID increased 0.91%；Prices generally fell in the domestic market，SN fell slightly，ZN fell 0.52%, AL fell 0.42%, PB increased 0.5%，RB fell 1.25%，NI increased 0.72%，CU fell 0.42%.
PBD trend: The opening price of overnight PBD was 2,058USD/t. In Asian trading, PBD moved in a tightly defined range. In European trading, PBD recovered form low, the highest price was 2,082USD/t. The closing price was 2,081.5USD/t which increased 1.12% (23USD/t). Open interest decreased 409 lots, and the final one was 120,000 lots.
PB trend: The opening price of overnight PB1911 was 16,885RMB/t. It went up to 16,940RMB/t at beginning, and then with pressures it went down to 168,000RMB/t. The closing price was 16,855RMB/t which increased 0.45%(75RMB/t), the open interest increased 1,652 lots, the final one was 46,482 lots.
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