SunSirs: LME Tin Fell 2.72% at Night

The BPI of the commodity price index on March 16 was 769 points, a decrease of 3 points from March 15, and down 24.53% from the highest point of the cycle at 1,1019 points (April 10, 2012), up 16.52% from 660 points, the lowest point on February 03, 2016. Up. (Note: Period refers to December 1, 2011 to present).

The tin commodity index on March 16 was 67.56, a decrease of 0.55 points from yesterday, a 32.61% decrease from the highest point of the cycle at 100.25 points (September 5, 2011), and a 57.63% increase from the lowest point of 42.86 on December 9, 2015. (Note: Period refers to September 1, 2011 to present).

The US dollar index continued to fall. The US dollar closed at 97.992 yesterday, down 0.5%. US stocks opened sharply lower. The S & P 500 index fell 7%, triggering a third ‘curcuit breaker’ this month, and US stocks suspended trading for 15 minutes. Towards the end of the day, US stocks expanded their losses again. The Dow fell nearly 3,000 points, or 13%, the largest decline since 1987. At the close, the Dow fell 12.93%, the S & P 500 fell 11.98%, and the Nasdaq index fell 12.32%. The major European stock indexes fell sharply. At the close, the European Stoxx 50 index fell 5.85%, and the German DAX index fell 5.31. %, The British FTSE 100 index fell 4.01%, the French CAC40 index fell 5.75%; International oil prices fell again, as of the close, WTI April crude oil futures fell 9.55%, to 28.70 US dollars / barrel. Brent crude oil of May futures fell 11.23% to $ 30.05 per barrel. Affected by this, LME Metal fell across the board, LME Copper fell 3.09%, LME Aluminum fell 0.53%, LME Zinc fell 1.11%, LME Nickel fell 2.4%, LME Tin fell 2.72%, LME Lead fell 0.68%; the same is true for the domestic market , Shanghai copper fell 2.3%, Shanghai aluminum fell 0.77%, Shanghai zinc fell 1.68%, Shanghai lead Zhang 0.25%, Shanghai nickel fell 0.1%, Shanghai tin fell 2.05%, thread fell 0.45%, stainless steel rose 0.29%.

LME tin trend: LME tin electronic disk opened at 15,750 USD/ ton yesterday, the highest 15,790 USD/ton, the lowest 15,150 USd/ton, closing 15,370 USD/ ton, down 430 USd/ton. 676 contracts were traded throughout the day; 18,976 positions were held, an increase of 82 contracts. The inventory of 6,895 tons was 145 tons lower than the previous period.

Shanghai tin trend: The domestic market has suspended night trading.

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