On March 10, the commodity price index BPI was 781, down 2 points from 9th, down 23.36% from 1,019 (April 10, 2012), and up 18.33% from 660, the lowest point on February 3, 2016. (Note: cycle refers to December 1, 2011 to now).
On March 10, the tin commodity index was 70.02, up 0.18 points from yesterday, down 30.15% from the cycle's highest point of 100.25 (September 5, 2011), and up 63.37% from the lowest point of 42.86 on December 09, 2015. (Note: cycle refers to September 1, 2011 to now).
US dollar rose sharply on the 10th, and the US dollar index rose sharply after a continuous decline. The three major U.S. stock indexes closed higher. By the end of the day, the Dow was up more than 1,100 points, or 4.89%, the Nasdaq was up 4.95%, and the S & P 500 was up 4.94%. Europe's three major stock indexes fell across the day. France's CAC40 fell 71.30 points, or 1.51%, while Germany's DAX fell 149.53 points, or 1.41%. Italy's FTSE MIB fell 3.28%. International oil prices rebounded sharply. By the end of the trading day, WTI crude oil futures rose 3.23 USD, or 10.38%, to 34.36 USD/barrel of April contract. Saudi Aramco announced on the Saudi stock exchange in the afternoon of March 10 local time that the supply in April will reach 12.3 million barrels/day. That is to say, it will increase production by another 300,000 barrels/day on the basis of the maximum continuous capacity (MSC) of 12 million barrels/day. After receiving the above signals, the Russian Ministry of energy said that Russia has the ability to increase its daily production by 500,000 barrels per day. That would bring the country's crude oil production to a record 11.8 million barrels a day. Under the influence of this, most of the metals inLME rose, with LME tin up 0.21%, LME zinc up 0.88%, LME nickel up 1.07%, LME aluminum up 0.77%, LME lead down 0.25%, LME copper up 1.1%, domestic metals generally up, 1screw thread up 16%, Shanghai copper up 1.81%, Shanghai aluminum up 0.74%, Shanghai lead up 0.48%, Shanghai zinc up 2.96%, Shanghai nickel up 4.62%, Shanghai tin up 1.62%, stainless steel up 2.01%.
Trend of LME tin: LME tin electronic disk opened at 16,800 USD/ton yesterday, with a maximum of 17,050 USD/ton and a minimum of 16,755 USD/ton. It closed at 16,830 USD/ton, up 35 USD/ton. 469 transactions were completed in the whole day; 19,053 positions were held, an increase of 6. The inventory is 7,280 tons, a decrease of 50 tons compared with the previous period.
Trend of Shanghai tin: Night trading is suspended in the domestic market.
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