SunSirs: Morning News of Oct 30, PBD and PB Rised Slightly at Night
October 31 2019 11:11:32 SunSirs (Linda)
On Oct 29, the Lead Commodity Index was 101.52, the same as that of yesterday, 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 U.S. dollar index fell on the 29th, hitting a one-and-a-half-week high of 97.9315. It closed at 97.743, dropping 7% and benefiting from the decline of European currencies. However, with the positive news from the UK, the U.K. pound rebounded against the U.S. dollar, and the U.S. dollar index dropped partly. In terms of crude oil, Brent oil closed at 60.08USD, dropping 0.05%, while US oil increased by 0.43% to 55.50USD. Affected by these, metals in LME all rose. PBD increased 1.35%, NID increased 1.6%, SND increased 0.66%, ZSD increased 0.43%, AHD increased 0.84%, and CAD increased 0.07%. Most of the metals in domestic market dropped. RB increased 0.63%, SS increased 0.07%, NI increased 0.42%, PB decreased 0.29%, ZN remained the same, SN decreased 0.35%, CU decreased 0.19% and AL decreased 0.29%.
PBD trend: The opening price of PBD was 2, 226.5USD/t. In Asian trading, PBD swung around the line of 2,300. In European trading, PBD went up rapidly to the high of 2,262.5USD/t near the end. The closing price was 2,258.5USD/t, increasing 1.35%.
PB trend: The opening price of PB1911 was 16,680RMB/t. Influenced by PBD, it went up rapidly to the high of 16,750RMB/t near the end. The closing price was 16,740RMB/t, increasing 70RMB/t.
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