SunSirs, Sep 18

On Sep 17, the Lead Commodity Index was 103.46, 2.21 lower than that of Sep 16, 22.80% lower than the peak of 134.01 in the cycle (Nov 29, 2016), and 38.63% higher than the lowest point of 74.63 (Mar 19, 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%.

PBD trend: The opening price of overnight PBD was 2094.5USD/t, in Asian trading, PBD went up to 2,104USD/t, and then went down because of the domestic market. In European trading, PBD went down to 2,055USD/t. The closing price was 2,058.5USD/t which decreased 1.88% (39.5USD/t). Open interest decreased 1,795 lots, and the final one was 121,000 lots.

PB trend: The opening price of overnight PB1910 was 16,810RMB/t. It was stable at beginning, around 16,800RMB/t narrowly. The closing price was 16,835RMB/t which fell 205RMB/t, it declined 1.2%, the open interest reduced 2,006 lots, and it decreased to 39,518 lots at last. Today, PBM replaces to PB1911 completely.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.