SunSirs: Morning News of Oct 29, SND and SN Went down at Night
October 30 2019 11:03:11 SunSirs (Linda)
On Oct 28, the Tin Commodity Index was 70.61, 0.12 higher than that of yesterday, 29.57% lower than the peak of 100.25 in the cycle (Sep 5, 2011), and 64.75% higher than the lowest point of 42.86 (Dec 9, 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%.
SND trend: Last night, the opening price of SND’s electronic disk was 16,815USD/t, the highest one was 16,925USD/t, the lowest one was 16,660USD/t, the closing price was 16,720USD/t, the price increased 45USD/t. The volume was 229 lots all day; Open interest was 17,092 lots, increased 133 lots. The inventory was 6,590t, same as that of previous times.
SN trend: Last night, the opening price of SN2001 was 139,110RMB/t, the highest one was 139,400RMB/t, the lowest one was 138,690RMB/t, the closing price was 138,830RMB/t, the price decreased 190RMB/t. The volume was 7,510 lots, the open interest was 41,378 lots, increased 204 lots.
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