SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: Morning News of Oct 9, SND Went Down SN Went High at Night

2019-10-09 17:30:12     SunSirs (Linda)

SunSirs: Oct 9

On Oct 8, the Tin Commodity Index was 68.78, 0.35 lower than that of yesterday, 31.39% lower than the peak of 100.25 in the cycle (Sep 5, 2011), and 60.48% higher than the lowest point of 42.86 (Dec 9, 2015). (Cycle: Sep 1, 2011 to date)

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%.

SND trend: Last night, the opening price of SND’s electronic disk was 16,390USD/t, the highest one was 16,425USD/t, the lowest one was 16,250USD/t, the closing price was 16,370USD/t, the price decreased 65USD/t. The volume was 139 lots all day; Open interest was 17,797 lots, increased 125 lots. The inventory was 6,720t, 55t more than before.

SN trend: Last night, the opening price of SN2001 was 135,210RMB/t, the highest one was 136,920RMB/t, the lowest one was 135,200RMB/t, the closing price was 136,320RMB/t, the price increased 1,060RMB/t. The volume was 15,886 lots, the open interest was 39,294 lots, increased 1,542 lots.

If you have any questions, please feel free to contact SunSirs withhttp://support@sunsirs.com.

Rubber & plastics
Building materials