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SunSirs: LME Lead Fell at Night

April 20 2020 09:39:28     SunSirs (Linda)

The commodity price index BPI on April 16 was 726 points, a decrease of 2 points from 15th, a decrease of 28.75% from the highest point in the cycle of 1,019 points (2012-April-10), and 660 points from the lowest point of February 03, 2016, it went up by 10.00%. (Note: The period refers to 2011-December-01 to present).

The lead commodity index on April 16 was 85.05, a decrease of 1.37 points from 15th, a decrease of 36.53% from the highest point in the cycle of 134.01 points (2016-November-29), an increase of 13.96% from the lowest point of 74.63 points on March 19, 2015. (Note: Period refers to 2011-September-01 to present).

On Thursday, EDT, the three major US stock market indexes closed up collectively. As of the close, the Dow rose 0.14%, the Nasdaq rose 1.66%, and the S & P 500 index rose 0.58%. According to data from the US Department of Labor, the number of new unemployed in the United States last week More than 5.2 million, slightly higher than the previous expectation of an additional 5 million. This brings the total number of unemployed people to about 22 million in the near future; the OPEC monthly report announced that crude oil demand is expected to fall to its lowest level in 30 years. Global crude oil demand is expected to fall by 6.9 million barrels / day in 2020. Data show that OPEC's March crude oil production increased by 821,000 barrels per day to 28.61 million barrels per day; international oil prices closed flat, ending this week's continuous decline. As of the close, WTI May crude oil futures closed flat at $ 19.87 per barrel. June Brent crude oil futures closed up $ 0.13, or 0.47%, at $ 27.82 per barrel. On April 15, the metal prices of the LME market were mixed. LME Tin fell 0.4%, LME copper rose 0.1%, LME aluminum rose 0.07%, LME nickel fell 0.08%, LME zinc rose 0.26%, LME lead fell 0.44%. In Shanghai Futures market, Stainless steel fell 1.28%, Shanghai zinc rose 1.04%, Shanghai lead rose 0.37%, Shanghai nickel fell 1.52%, Shanghai aluminum rose 1.13%, Shanghai copper closed flat, thread rose 0.36%, and Shanghai tin fell 0.58%.

LME lead trend: LME lead opened at $ 1,690 / ton overnight, oscillating at $ 1,695 in Asian time, and the lowest in Europe during $ 1,686.5 / ton, finally reported at $ 1,690.5 / ton, a decrease of 0.44%.

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