SunSirs: Morning News of Oct 29, PBD and PB Increased Slightly at Night
October 30 2019 10:58:46 SunSirs (Linda)
On Oct 28, the Lead Commodity Index was 101.52, 0.26 higher than that of Oct 27, 24.24% lower than the peak of 134.01 in the cycle (Nov 29, 2016), and 36.03% higher than the lowest point of 74.63 (Mar 19, 2015). (Cycle: Sep 1, 2011 to date)
The US dollar index closed lower on the 28th. The index fell on Monday, because the optimism about a trade deal between Sino-US reduced the demand for safe-haven currencies and investors were waiting for the Fed's conference this week. With a decrease of 0.07%, the US dollar closed 97.743. Affected by this, metals in LME market increased mostly.PBD increased 0.52%, NID decreased 1.75%, SND increased 0.27%, ZSD increased 0.86%, AHD increased 0.14%, and CAD increased 0.16%. Part of metals in domestic market increased and part decreased. RB decreased 0.51%, SS increased 0.3%, NI decreased 0.94%, PB decreased 0.33%, ZN increased 2.33%, SN increased 0.59%, CU increased 0.08% and AL increased 0.14%.
PBD trend: The opening price of PBD last night was 2,216USD/t. In Asian trading, PBD went lower. In European trading, PBD decreased to 2,198USD/t, and it went up rapidly to recover at 2,200USD/t. The highest price was 2,240USD/t, the closing price was 2,228.5USD/t, increasing by 11.5USD/t (0.52%).
PB trend: The opening price of PB1911 last night was 16,675RMB/t. It went down to 16,640RMB/t at beginning, and then bottomed out to 16,785RMB/t. The closing price was 16,730RMB/t, increasing 5RMB/t (0.03%).
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