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SunSirs: Nonferrous Metals SND and SN Swung Lower at Night
November 27 2019 15:03:18SunSirs(Linda)

On November 25, the Tin Commodity Index was 70.77, 0.02 lower than that of yesterday, 29.41% lower than the peak of 100.25 in the cycle (Sep 5, 2011), and 65.12% higher than the lowest point of 42.86 (Dec 9, 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%.

SND trend: Last night, the opening price of SND’s electronic dwask was $16,325 per ton, the highest one was $16,495 per ton, the lowest one was $16,300 per ton, the closing price was $16,425 per ton, the price increased $75 per ton. The volume was 153 lots all day; Open interest was 16,725 lots, decreasing 99 lots. The inventory was 6,435 tons, decreasing 205 tons.

SN trend: Last night, the opening price of SN2001 was 138,890RMB/ton, the highest one was 138,960RMB/ton, the lowest one was 138,430RMB/ton, the closing price was 138,860RMB/ton, the price decreased 20RMB/ton. The volume was 6,598 lots, the open interest was 27,876 lots, increasing 548 lots.

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