SunSirs: Morning News of Nov 13, SND and SN Went lower at Night

On Nov 12, the Tin Commodity Index was 69.71, 0.4 lower than that of yesterday, 30.46% lower than the peak of 100.25 in the cycle (Sep 5, 2011), and 62.65% higher than the lowest point of 42.86 (Dec 9, 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%. 

SND trend: Last night, the opening price of SND’s electronic disk was 16,520USD/t, the highest one was 16,570USD/t, the lowest one was 16,250USD/t, the closing price was 16,320USD/t, the price decreased 205USD/t. The volume was 372 lots all day; Open interest was 17,259 lots, increasing 15 lots. The inventory was 6,470t, decreasing 25 lots.

SN trend: Last night, the opening price of SN2001 was 136,510RMB/t, the highest one was 136,520RMB/t, the lowest one was 135,510RMB/t, the closing price was 135,570RMB/t, the price decreased 760RMB/t. The volume was 13,634 lots, the open interest was 38,112 lots, increased 1,216 lots.

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