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SunSirs: London lead, Shanghai Lead Go Higher at Night

August 07 2020 11:09:24     SunSirs (Linda)

The BPI of the bulk commodity price index on August 5 was 761 points, which was an increase of 1 point from August 4, and a decrease of 25.32% from the highest point in the cycle of 1019 points (2012-04-10), and the lowest from February 03, 2016 660 points increased by 15.30%. (Note: Period refers to 2011-12-01 to present).

The lead commodity index on August 5 was 96.77, an increase of 0.69 points from August 4, a decrease of 27.79% from the cycle high of 134.01 points (2016-11-29), and a decrease of 27.79% from the lowest point of 74.63 points on March 19, 2015 An increase of 29.67%. (Note: Period refers to 2011-09-01 to present).

In late New York trading, the U.S. dollar index fell 0.42% to 92.8458; offshore renminbi rose 0.43% against the U.S. dollar, and USDCNH reported 6.944; U.S. ADP employment increased by 167,000 in July, far less than the expected increase of 1.5 million, and the previous value increased by 2.369 million People; Central Bank: The current counter-cyclical adjustment of monetary policy is no longer small, and the current strength should be maintained, and there is no need to increase it; crude oil market: yesterday's crude oil (as of 3 a.m. on August 6, Beijing time) spot Brent closed at $45.92 / Barrel, up 1.75 US dollars from the previous trading day, or 3.96%. WTI closed at $42.43/barrel, up $0.52 from the previous trading day, or 1.24%. Affected by this, the metal market generally rose. London copper rose 0.56%, London aluminum fell 0.42%, London zinc rose 2.15%, London nickel rose 2.04%, London tin rose 0.62%, London lead rose 1.81%; domestic non-ferrous metals market Generally, Shanghai copper rose 0.27%, Shanghai aluminum fell 1.29%, Shanghai zinc rose 1.48%, Shanghai lead rose 1.45%, Shanghai nickel rose 1.68%, Shanghai tin rose 0.1%, screw thread rose 0.84%, and stainless steel rose 1.15%.

London lead trend: LME led overnight opened at US$1880/ton, the highest was US$1936.5/ton, and closed at US$1917/ton, an increase of US$34/ton or 1.81% from the previous trading day.

Shanghai Lead Trend: Shanghai Lead 2009 opened at 15940 yuan/ton, the lowest was 15,900 yuan/ton, the highest was 16,155 yuan/ton, and it closed at 16065 yuan/ton, an increase of 1.45%.

The decline in domestic lead social inventories and the increase in peak season expectations are favorable to support the recent high fluctuations in spot prices.

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