SunSirs: Sep 30

On Sep 29, the Lead Commodity Index was 102.78, the same as that of Sep 28, 23.30% lower than the peak of 134.01 in the cycle (Nov 29, 2016), and 37.72% higher than the lowest point of 74.63 (Mar 19, 2015). (Cycle: Sep 1, 2011 to date)

On Sep 27, the US Dollar Index kept meandering sideways at daytime and decreased slightly at night. It was 99.116 with a slight decline of 0.08%. The Interest rate cuts of Fed in October are expected to increase slightly, the US Dollar Index went back to low slightly. Besides, economists have lowered their forecasts for the US economy in the third quarter due to weak US consumption data; In terms of crude oil, Saudi Arabia's production recovery rate is faster than expected, while investors are also worried about trade tensions and it would curb the world energy demand. US crude oil and Brent crude oil fell by nearly 0.7%. The foreign metal market rose and fell by half, SND decreased almost 1.5%, PBD decreased almost 0.8%, NID decreased almost 0.2%, AHD increased almost 0.1%, CAD increased almost 0.7%, ZSD increased almost 0.8%; The domestic metal market mainly decreased and slightly increased, SN decreased almost 1.2%, AL and PB decreased almost 0.3%, NI decreased slightly, SS increased slightly, ZN increased almost 0.2%, CU increased almost 0.5% and RB increased almost 1.5%.

PBD trend: The opening price of PBD was 2,090USD/t last Friday night. In Asian trading, PBD moved up to 2,105USD/t. In European trading, PBD jumped down to 2,067USD/t. The prices of PBD finally had two negative lines.

PB trend: The opening price of PB1911 last Friday night was 16,935RMB/t. Affected by PBD trend, it swung down to around 16,880RMB/t. The lowest price at night was 16,850RMB/t. The closing price was 16,890RMB/t.

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