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SunSirs: Morning News of Oct 9, Antimony Commodity Index: 55.34

October 09 2019 16:45:48     SunSirs (Linda)

SunSirs: Oct 9

On Oct 8, the Antimony Commodity Index was 55.34, the same as that of yesterday. Compared with the peak of 102.32 (Oct 16, 2012) in the cycle, it dropped 45.91%. While it was 17.79% higher than the lowest level of 46.98 (Dec 24, 2015). (Cycle: Sep 08, 2012 to date)

The main financial data of the non-ferrous metal market: The US Dollar Index was strong on Oct 8 mainly because of the high-level consultation on Sino-US Economic and Trade, the closing price of USD was 98.986, increasing 0.15%; In October, the probability that the Fed will cut interest rates by 25 basis points to 1.50% - 1.75% is 74.3%, while the probability of maintaining the current interest rate is 25.7%; In December, the probability of reducing interest rates by 25 basis points to 1.50% - 1.75% is 36.2%, while the probability of reducing interest rates by 50 basis points is 50.6%. On crude oil, U.S. crude oil rose first and then fell back, a new survey shows that analysts expect U.S. crude oil stocks have increased last week, preliminary surveys show that the stocks may have been rising for 4 consecutive weeks, with an estimated increase of 2.6 million barrels. Affected by those, the metal market rose and fell by half, AHD increased almost 1.5%, CAD and PBD increased almost 0.6%, NID decreased almost 0.1%, SND decreased almost 0.2% and ZSD decreased almost 0.9%.

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