SunSirs, Sep 18

On Sep 17, the Tin Commodity Index was 70.18, 1.78 less than that of Sep 16, 30.00% lower than the peak of 100.25 in the cycle (Sep 5, 2011), and 63.74% higher than the lowest point of 42.86 (Dec 9, 2015). (Cycle: Sep 1, 2011 to date)

On Sep 17, the Dollar fell, and the Dollar Index almost gave up the gains of Sep 16. The Dollar closed at 98.225, up slightly. The Federal Reserve will officially hold a monetary policy meeting in September. Investors will take a wait-and-see attitude before the two-day meeting. It is now widely expected that The Federal Reserve will cut interest rate. Industrial output in the United States grew faster than expected in August, there was a surge in mobile and metal production. But the industrial outlook remains weak because of the trade tensions and a slowdown in the global economy. Affected by this, the foreign metal market went down, SND fell 1.21%, ZSD fell 0.49%, PBD fell 1.88%，AHD increased 0.31%，CAD fell 0.67%, NID fell 1.45%；Prices generally fell in the domestic market，SN fell 0.59%，ZN increased 0.18%, AL increased slightly, PB fell 1.2%，RB fell 0.79%，NI fell 0.53%，CU fell 0.25%.

SND trend: On Sep 17, the opening price of SND’s electronic disk was 16,990USD/t, the highest one was 16,990USD/t, the lowest one was 16,700USD/t, the closing price was 16,805USD/t, the price decreased 205USD/t. The volume was 175 lots all day; Open interest was 18,261 lots, decreased 340 lots. The inventory was 6,570t, 10t less than before.

SN trend: On Sep 17, the opening price of SN2001 at night was 136,800RMB/t, the highest one was 137,390RMB/t, the lowest one was 136,300RMB/t, the closing price was 136,880RMB/t, the price fell 160RMB/t. The volume was 16,060 lots, the open interest was 36,984 lots, decreased 136 lots.

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