SunSirs: News of Nonferrous Metals, PBD and PB Swung Lower at Night
November 20 2019 13:37:35 SunSirs (Linda)
On November 18, the Lead Commodity Index was 96.31, the same as that of yesterday, 28.13% lower than the peak of 134.01 in the cycle (Nov 29, 2016), and 29.05% higher than the lowest point of 74.63 (Mar 19, 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%.
PBD trend: The opening price of PBD was $2,006 per ton. In Asian trading, PBD swung higher to $2,026 per ton, in European trading, PBD swung lower to $1,951.5 per ton. The closing price was $1,963 per ton, decreasing $43 per ton (2.14%).
PB trend: The opening price of PB2001 was 15,820RMB/ton. It swung lower to 15,610RMB/ton at first, it then rebounded. The closing price was 15,645RMB/ton, decreasing 185RMB/ton (1.17%).
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