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SunSirs: Morning News of Oct 10, Antimony Commodity Index Raised 0.69
October 10 2019 17:42:29SunSirs(Linda)

SunSirs: Oct 10

On Oct 9, the Antimony Commodity Index was 56.03, 0.69 higher than that of yesterday. Compared with the peak of 102.32 (Oct 16, 2012) in the cycle, it dropped 45.24%. While it was 19.26% higher than the lowest level of 46.98 (Dec 24, 2015). (Cycle: Sep 08, 2012 to date)

The main financial data of the non-ferrous metal market: On Oct 9, the U.S. dollar index fell in the afternoon, but gradually recovered and became largely constant against RMB. In the early morning of Thursday, October 10 (Beijing time), the minutes of the Federal Reserve's September policy meeting showed that the U.S. dollar closed at 99.136, increased 0.02%. In October, the probability of the Federal Reserve cutting its interest rate by 25 basis points to 1.50%-1.75% is 83.9%, and the probability of maintaining the current interest rate is 16.1%. In December, the probability of reducing interest rate by 25 basis points to 1.50%-1.75% is 48.9%, the probability of reducing interest rate by 50 basis points is 43.3%, and the probability of maintaining the current interest rate is 7.8%. Oil prices remained stable on Wednesday because Turkey's attack on Syria could disrupt oil production in the region, China and the United States are expected to reach a trade agreement, but the rising rate is limited by the increase of U.S. crude oil stocks. Affected by these, LME mainly increased and slightly decreased, ZSD increased almost 1%, SND and PBD increased almost 0.2%, CAD increased almost 0.1%, AHD decreased slightly, NID decreased almost 0.6%. In the domestic market, NI decreased almost 1.5%, PB decreased almost 0.7%, AL decreased almost 0.3%, CU decreased almost 0.2%, SS decreased almost 0.1%, NI increased slightly, RB increased almost 0.2%, ZN increased almost 1%.

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