SunSirs: Morning News of Nov 1, PBD and PB Dropped Slightly at Night
November 02 2019 16:09:35 SunSirs (Linda)
On Oct 31, the Lead Commodity Index was 100.61, 0.91 lower than that of yesterday, 24.92% lower than the peak of 134.01 in the cycle (Nov 29, 2016), and 34.81% higher than the lowest point of 74.63 (Mar 19, 2015). (Cycle: Sep 1, 2011 to date)
On Oct 31, the US dollar fell to 97.21, the lowest level since Oct 21. The US dollar index fell 2.1% this month, the largest monthly decline since Jan 2018. The US dollar closed at 97.312, dropping 0.16%. US economic data was weak, the MNI Chicago PMI index dropped to its lowest level since 2015, and US consumer comfort dropped the most in eight years. Affected by these, metals in LME almost dropped. PBD decreased 1.66%, NID decreased 0.6%, SND decreased 1.38%, ZSD decreased 0.88%, AHD increased 0.46%, and CAD decreased 1.38%. Most of the metals in domestic market dropped. RB decreased 0.18%, SS decreased 0.53%, NI decreased 0.34%, PB decreased 0.78%, ZN decreased 0.58%, SN decreased 0.3%, CU decreased 1.12% and AL decreased 0.04%.
PBD trend: The opening price of PBD was 2,197.5USD/t. In Asian trading, PBD was stable. In European trading, PBD swung down to 2,155USD/t. The closing price was 2,158USD/t, increasing 1.66%.
PB trend: The opening price of PB1911 was 16,620RMB/t. Influenced by PBD, it went down 16,475RMB/t. The closing price was 16,530RMB/t, decreasing 80RMB/t (0.48%). The position decreased by 1,190 to 60,000 lots.
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