On Oct 29, the Tin Commodity Index was 70.56, 0.05 lower than that of yesterday, 29.62% lower than the peak of 100.25 in the cycle (Sep 5, 2011), and 64.63% higher than the lowest point of 42.86 (Dec 9, 2015). (Cycle: Sep 1, 2011 to date)

The U.S. dollar index fell on the 29th, hitting a one-and-a-half-week high of 97.9315. It closed at 97.743, dropping 7% and benefiting from the decline of European currencies. However, with the positive news from the UK, the U.K. pound rebounded against the U.S. dollar, and the U.S. dollar index dropped partly. In terms of crude oil, Brent oil closed at 60.08USD, dropping 0.05%, while US oil increased by 0.43% to 55.50USD. Affected by these, metals in LME all rose. PBD increased 1.35%, NID increased 1.6%, SND increased 0.66%, ZSD increased 0.43%, AHD increased 0.84%, and CAD increased 0.07%. Most of the metals in domestic market dropped. RB increased 0.63%, SS increased 0.07%, NI increased 0.42%, PB decreased 0.29%, ZN remained the same, SN decreased 0.35%, CU decreased 0.19% and AL decreased 0.29%.

SND trend: Last night, the opening price of SND’s electronic disk was 16,700USD/t, the highest one was 16,880USD/t, the lowest one was 16,655USD/t, the closing price was 16,830USD/t, the price increased 110USD/t. The volume was 153 lots all day; Open interest was 17,028 lots, decreased 64 lots. The inventory was 6,585t, 5t less than before.

SN trend: Last night, the opening price of SN2001 was 138,440RMB/t, the highest one was 138,880RMB/t, the lowest one was 138,320RMB/t, the closing price was 138,880RMB/t, the price increased 340RMB/t. The volume was 6,276 lots, the open interest was 40,732 lots, increased 244 lots.

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