SunSirs: News of Nonferrous Metals, SND and SN Went lower at Night
November 20 2019 13:05:31 SunSirs (Linda)
On November 18, the Tin Commodity Index was 69.03, the same as that of yesterday, 31.14% lower than the peak of 100.25 in the cycle (Sep 5, 2011), and 61.06% higher than the lowest point of 42.86 (Dec 9, 2015). (Cycle: Sep 1, 2011 to date)
On November 18, the U.S. dollar index fell all the way to 97.796, down nearly 0.2%. With uncertain trade prospects between China and the United States, investors are looking for signs that tariffs on their respective commodities will be lifted, as tariffs are seen as a damage to global economic growth. Affected by these, metals in LME almost decreased, PBD decreased almost 2.1%, ZSD decreased almost 1.5%, AHD and NID decreased almost 1.2%, SND decreased almost 0.6% and CAD decreased almost 0.4%. The domestic metal market mainly decreased and slightly increased, B decreased almost 1.2%, NI decreased almost 1%, SN and ZN decreased almost 0.2%, CU remained the same, RB increased almost 0.2%, AL increased almost 0.4%, SS increased almost 0.1%.
SND trend: Last night, the opening price of SND’s electronic dwask was $16,115 per ton, the highest one was $16,280 per ton, the lowest one was $16,020 per ton, the closing price was $16,020 per ton, the price decreased $100 per ton. The volume was 291 lots all day; Open interest was 18,108 lots, decreasing 90 lots. The inventory was 6,565 tons, decreasing 75 tons.
SN trend: Last night, the opening price of SN2001 was 135,530RMB/ton, the highest one was 135,530RMB/ton, the lowest one was 134,410RMB/ton, the closing price was 134,650RMB/ton, the price decreased 900RMB/ton. The volume was 11,812 lots, the open interest was 37,072 lots, decreasing 1,308 lots.
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