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SunSirs: Nonferrous Metals PBD and PB Swung Lower at Night
November 27 2019 10:10:46SunSirs(Linda)

On November 25, the Lead Commodity Index was 95.85, 0.03 points higher than that of yesterday, 28.48% lower than the peak of 134.01 in the cycle (Nov 29, 2016), and 28.43% higher than the lowest point of 74.63 (Mar 19, 2015). (Cycle: Sep 1, 2011 to date)

On November 25, the US dollar was basically stable, with the US dollar index closing at 98.307, up nearly 0.05%; the probability of the Federal Reserve maintaining the current interest rate in the range of 1.50% - 1.75% in December was 93.4%, the probability of cutting the interest rate by 25 basis points was 0%, the probability of increasing the interest rate by 25 basis points was 6.6%; the probability of maintaining the current interest rate in the range of 1.50% - 1.75% by January next year was 83.8%, the probability of reducing the interest rate by 25 basis points was 10.3%, and the probability of increasing the interest rate by 25 basis points was 5.9%. Affected by these, metals in LME almost decreased largely and increased slightly, PBD decreased nearly by 1.8%, NID and ZSD decreased nearly by 1.1%, AHD increased nearly by 0.1%, CAD increased nearly by 0.3%, and SND increased nearly by 0.5%; domestic market decreased mainly, PB decreased nearly by 1.3%, RB decreased nearly by 1.1%, AL, ZN and NI decreased nearly by 0.6%, SS decreased nearly by 0.2%, CU and SN increased nearly by 0.1%.

PBD trend: The opening price of PBD was $1,973.5 per ton. In Asian trading, PBD swung lower, in European trading, PBD went lower sharply and broke the 1,950 line. It went down to $1,930 per ton, the closing price was $1,930 per ton, decreasing $35.5 per ton (1.81%).

PB trend: The opening price of PB2001 was 15,570RMB/ton. It swung lower to 15,335RMB/ton at first. The closing price was 15,365RMB/ton, decreasing 195RMB/ton (0.16%).

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