SunSirs: Morning News of Nov 13, PBD and PB Swung Lower at Night

On Nov 12, the Lead Commodity Index was 96.69, 1.45 lower than that of yesterday, 26.18% lower than the peak of 134.01 in the cycle (Nov 29, 2016), and 27.85% higher than the lowest point of 74.63 (Mar 19, 2015). (Cycle: Sep 1, 2011 to date)

On November 12, the U.S. dollar rose to a high popint of more than 98.423, recovering the previous day's decline, closing at 98.335, 0.13% higher; the U.S. stock market has refreshed its historical high in recent weeks, driving the U.S. dollar index stronger. Rosengren, a member of the Federal Reserve, said that the U.S. economy is in good condition and GDP growth is close to the potential growth rate. There is no potential reason for the Federal Reserve to cut interest rates. Last night, Clarida, vice chairman of the Federal Reserve, delivered a speech on monetary policy, price stability and bond yields. Clarida said that the advantage of the current framework is that it provides a wide range of measuring factors and flexible information for the Federal Reserve to take actions. Crude oil: WTI crude oil decreased 0.07% to 56.82USD, while Brent crude oil decreased 0.18% to 62.07USD. Affected by these, metals in LME almost decreased, CAD decreased 0.44%, AHD increased 0.17%, ZSD decreased 1.08%, NID increased 0.45%, SND decreased 1.24%, PBD decreased 1.36%. The domestic market was mixed, RB increased 0.91%, SS increased 0.75%, CU decreased 0.32%, AL decreased 0.43%, ZN decreased 0.56%, PB increased 0.35%, NI increased 0.63%, SN decreased 0.7%. 

PBD trend: The opening price of PBD was 2,093.5USD/t. In Asian trading, PBD was thinly traded at first, it then followed the trend of nonferrous Metals and went up to 2,112USD/t. In European trading, PBD fell from high to 2,050USD/t. The closing price was 2,061USD/t, decreasing 1.36%.

PB trend: The opening price of PB was 15,920RMB/t. It swung higher to 16,100RMB/t at first, affected by PBD, it then swung lower around 15,975RMB/t narrowly. The closing price was 15,970RMB/t.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.