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SunSirs: London Copper and Shanghai Copper Narrow Finishing
May 26 2020 08:38:48SunSirs(Linda)

On May 24, the commodity price index BPI was 729 points, which was the same as May 23, a 28.46% decrease from the highest point in the cycle of 1,019 points (2012-April-10), and an increase of 10.45% from the lowest point of 660 points on February 03, 2016. (Note: The period refers to 2011-December-01 to present).

The lead commodities index on May 24 was 86.61, which was the same as yesterday, a decrease of 35.37% from the highest point in the cycle of 134.01 (2016-11-29), and an increase of 16.05% from the lowest point of 74.63 on March 19, 2015. (Note: Period refers to 2011-09-01 to present).

The US dollar index rose 0.37% to 99.7794; the offshore RMB fell 0.22% against the US dollar, and USDCNH reported 7.1492; the government work report: this year ’s deficit rate is planned to be arranged at more than 3.6%, and the scale will increase by 1 trillion yuan compared with last year. The 100 million yuan anti-pandemic special national debt; NDRC and other six departments jointly issued the 'Implementation Opinions on Creating a Better Development Environment to Support the Healthy Development of Private Energy-Saving and Environmental Protection Enterprises', proposing 12 policies and measures to support the healthy development of private energy-saving and environmental protection companies.

Last Friday, LME metal floated green, copper fell about 1.6%, aluminum fell about 1.2%, nickel fell about 1.1%, lead fell about 0.4%, tin fell about 0.1%, zinc rose about 0.8%; Chinese futures market was mixed, Shanghai nickel fell about 1.5%, copper fell about 0.6%, aluminum fell about 0.1%, zinc rose about 0.1%, lead rose about 0.5%, tin rose about 0.8%.

The trend of London lead: LME lead opened at 1,644 US dollars / ton, the lowest was 1,612 US dollars / ton, and closed at 1,647.5 US dollars / ton, down 6.5 US dollars / ton, a decrease of 0.39%.

The trend of Shanghai lead: Last Friday night Shanghai lead contract opened lower at 13,935 yuan / ton, the highest was 14,200 yuan / ton, and closed at 14,180 yuan / ton, up 0.5%. At night, 15,765 lots were traded, 26,766 lots were held, and 901 lots were added.

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