SunSirs: Morning News of Sep 30, SND and SN Went down at Night

SunSirs, Sep 30

On Sep 29, the Tin Commodity Index was 69.60, the same as that of Sep 29, 30.57% lower than the peak of 100.25 in the cycle (Sep 5, 2011), and 62.39% higher than the lowest point of 42.86 (Dec 9, 2015). (Cycle: Sep 1, 2011 to date)

The main financial data of the non-ferrous metal market: The US Dollar Index kept meandering sideways at daytime and decreased slightly at night. It was 99.116 with a slight decline of 0.08%. The Interest rate cuts of Fed in October are expected to increase slightly, the US Dollar Index went back to low slightly. Besides, economists have lowered their forecasts for the US economy in the third quarter due to weak US consumption data; In terms of crude oil, Saudi Arabia's production recovery rate is faster than expected, while investors are also worried about trade tensions and it would curb the world energy demand. US crude oil and Brent crude oil fell by nearly 0.7%. The foreign metal market rose and fell by half, SND decreased almost 1.5%, PBD decreased almost 0.8%, NID decreased almost 0.2%, AHD increased almost 0.1%, CAD increased almost 0.7%, ZSD increased almost 0.8%; The domestic metal market mainly decreased and slightly increased, SN decreased almost 1.2%, AL and PB decreased almost 0.3%, NI decreased slightly, SS increased slightly, ZN increased almost 0.2%, CU increased almost 0.5% and RB increased almost 1.5%.

SND trend: Last Friday, the opening price of SND’s electronic disk was 16,400USD/t, the highest one was 16,460USD/t, the lowest one was 16,065USD/t, the closing price was 16,160USD/t, the price decreased 240USD/t. The volume was 293 lots all day; Open interest was 17,871 lots, increased 171 lots. The inventory was 6,885t, 395t more than before.

SN trend: Last Friday night, the opening price of SN2001 was 135,490RMB/t, the highest one was 135,590RMB/t, the lowest one was 133,420RMB/t, the closing price was 134,330RMB/t, the price decreased 1,260RMB/t. The volume was 19,154 lots, the open interest was 38,046 lots, increased 1,022 lots.

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