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SunSirs: London Lead and Shanghai Lead Fluctuates Mainly in Night Trading

Increase font size  Decrease font size Date:2020-11-25   Views:257

  On November 22, the commodity price index BPI was 851 points, which was the same as on November 21. It was 16.49% lower than the highest point in the cycle of 1019 points (2012-04-10) and 660 points from the lowest point on February 3, 2016. An increase of 28.94%. (Note: The period refers to 2011-12-01 till now).



  SunSirs data monitors the BPI index curve of the commodity price index as follows:



  On November 22, the Lead Commodity Index was 90.99, the same as on November 21, a decrease of 32.10% from the highest point in the cycle of 134.01 points (2016-11-29), and an increase of 21.92 from the lowest point of 74.63 points on March 19, 2015. %. (Note: Period refers to 2011-09-01 to present).



  In late New York trading, the U.S. dollar index fell 0.06% to 92.4043, a five-day losing streak, a record low in more than two months; the offshore renminbi fell 0.23% against the U.S. dollar, and USDCNH reported 6.5626; the World Trade Organization issued a report saying that export orders grew rapidly. In the third quarter of this year, global trade in goods rebounded strongly, but there is still uncertainty about whether this growth trend will continue in the future. The latest issue of the "Barometer of Trade in Goods" released by the WTO on the same day showed that the global trade in goods boom index reached 100.7, which was a significant increase from the 84.5 released in August; Premier Li Keqiang pointed out that it is necessary to fully understand the current domestic and international situation. It is complicated and severe, with great uncertainty, seeking truth from facts, taking into account the long-term and short-term plans for the next development, maintaining policy continuity, effectiveness and sustainability; reasonably grasping policy strength, selecting policy tools, and continuing to adhere to the experience explored. The effective direct mechanism and other reform measures should be adhered to; crude oil prices: As of 3 am on November 21, Beijing time, spot Brent closed at US$43.435/barrel, up 0.57 US dollars or 1.33% from the previous trading day. WTI closed at $42.42 per barrel, up $0.52 from the previous trading day, or 1.24%. Affected by this, the LME London market in the night trading last Friday was mixed. LME copper rose 2.4%, LME aluminum fell 0.1%, LME zinc rose 1.7%, LME nickel rose 1.9%, LME tin fell 0.1%, and LME lead rose 3%. ; The domestic night futures market mostly rose, Shanghai copper rose 2.1%, Shanghai aluminum rose 0.1%, Shanghai zinc rose 1%, Shanghai lead rose 4%, Shanghai nickel rose 1.8%, Shanghai tin fell 0.23%, and thread rose 1.2%. Stainless steel rose 1.5% and Shanghai lead rose 4%.



  London lead trend: Last Friday, the London lead opened at US$1970.5/ton, and reached a maximum of US$2038/ton. It once again set a high price and closed at US$2030/ton, an increase of US$58/ton or 2.94% from the previous trading day.



  Shanghai lead trend: The domestic night trade in the recent month 2012 contract opened at 15,250 yuan/ton, the lowest was 14,850 yuan/ton, the highest was 15,575 yuan/ton, and the end closed up 565 yuan/ton to 15,495 yuan/ton, an increase of 3.78%; 24,776 lots were traded .



  Boosted by the lead in the domestic futures market, prices in the domestic futures market have risen, and spot prices have risen, but the market is mainly waiting and watching, and the downstream still needs to purchase mainly, and traders are cautious in entering the market.


 
 
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