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SunSirs: LME Tin Went Lower at Night

March 27 2020 13:44:02     SunSirs (Linda)

The BPI of the commodity price index on March 26 was 737 points, which was the same as yesterday, a decrease of 27.67% from the highest point of the cycle at 1019 points (2012-04-10) and an increase of 11.67 from the lowest point of February 03, 2016 at 660 points %. (Note: Period refers to 2011-12-01 to present).

The tin commodity index on March 26 was 62.33, an increase of 1.26 points from yesterday, and a 37.83% decrease from the highest point of the cycle at 100.25 points (2011-09-05), an increase of 45.43 from the lowest point of 42.86 on December 9, 2015. %. (Note: Period refers to 2011-09-01 to present).

The main financial data of the non-ferrous market: The US dollar index fell sharply yesterday, and the United States announced the number of jobless claims for the week ending March 21, and the data recorded a record of 3.283 million. ; The G20 will launch a US $ 5 trillion economic plan to address the negative impact of the epidemic on global society, the economy and finance, and support central banks in all countries to take measures to promote financial stability and enhance global market liquidity ; On Thursday, Eastern time, the three major US stock indexes rose across the board. At the close, the Dow rose more than 1,300 points, or 6.38%, the Nasdaq rose 5.60%, and the S & P 500 rose 6.24%. International oil prices fell, and WTI May crude oil futures fell 7.72% to $ 22.60 per barrel. Brent May crude oil futures fell 3.83% to $ 26.34 per barrel. Most of the metals in the LME market fell, LME Copper fell 1.2%, LME Aluminum fell 0.52%, LME Zinc rose 0.84%, LME Nickel fell 1.06%, LME Tin fell 1.69%, LME Lead rose 2.64%; in the domestic market, Shanghai Copper fell 1.24% Shanghai Aluminum fell 0.51%, Shanghai Zinc fell 0.3%, Shanghai Lead fell 0.26%, Shanghai Nickel fell 0.34%, Shanghai Tin fell 1.13%, Thread fell 0.71%, and Stainless Steel fell 0.25%.

Trends of LME tin: LME tin Electronics opened at $ 14,115 / ton yesterday, with a maximum of $ 14,560 / ton and a minimum of $ 13,850 / ton. It closed at $ 13,995 / ton, down $ 240 / ton. 356 contracts were traded throughout the day; positions were 17,672, an increase of 4 contracts. Inventory of 6,175 tons, unchanged from the previous period.

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