SunSirs: Morning News of Nov 8, PBD and PB Mainly Fluctuated at Night
November 08 2019 13:09:29 SunSirs (Linda)
On Nov 7, the Lead Commodity Index was 98.93, 0.42 lower than that of yesterday, 26.18% lower than the peak of 134.01 in the cycle (Nov 29, 2016), and 32.56% higher than the lowest point of 74.63 (Mar 19, 2015). (Cycle: Sep 1, 2011 to date)
The U.S. dollar rose 0.198 to 98.147 on the 7th, continued to increase 0.2%. A spokesman for the International Monetary Fund said that if the United States and China reach a first stage trade agreement to phase out tariffs, this may improve the IMF's baseline for global economic forecasts. Affected by these, metals in LME almost increased, CAD increased 1.98%, AHD increased 0.42%, ZSD increased 0.71%, NID increased 0.09%, SND increased 0.18%, PBD increased 0.36%. In terms of the domestic market, RB decreased 0.84%, SS decreased 0.2%, CU increased 0.61%, AL increased 0.42%, ZN increased 0.13%, PB decreased 0.16%, NI decreased 0.31%, SN increased 0.07%. Brent crude closed at 62.37USD, increasing 1.02%; American crude closed at 57.07USD, increasing 1.28%.
PBD trend: The opening price of PBD was 2,108USD/t. In Asian trading, PBD went down to 2,100USD. In European trading, PBD recovered and went up to 2,117.5USD/t. The closing price was 2,112.5USD/t, increasing 0.36%.
PB trend: The opening price of PB1912 was 16,115RMB/t. PBD jumped rapidly to 16,005RMB/t. The closing price was 16,100RMB/t, decreasing 25RMB/t (0.16%).
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