SunSirs, Sep 19
On Sep 18, the Tin Commodity Index was 70.10, 0.08 less than that of Sep 17, 30.07% lower than the peak of 100.25 in the cycle (Sep 5, 2011), and 63.56% higher than the lowest point of 42.86 (Dec 9, 2015). (Cycle: Sep 1, 2011 to date)
The U.S. dollar rose on the 17th. The Federal Reserve announced its latest September interest rate resolution. The Federal Reserve cut interest rates by 25 basis points on schedule and adjusted the rates to 1.75-2.00%. After the announcement, the dollar index increased 15 points in the short term. US dollar closed at 98.539; API report: US crude oil inventories increased 592,000 barrels to 422.5 million barrels last week, US crude oil imports increased 129,000 barrels per day to 6.9 million barrels per day last week. Affected by this, the foreign metal market had both increases and decreases, SND increased 0.06%, ZSD fell 1%, PBD increased 1.12%，AHD fell 0.06%，CAD fell 0.18%, NID increased 0.91%；Prices generally fell in the domestic market，SN fell slightly，ZN fell 0.52%, AL fell 0.42%, PB increased 0.5%，RB fell 1.25%，NI increased 0.72%，CU fell 0.42%.
SND trend: On Sep 18, the opening price of SND’s electronic disk was 16,815USD/t, the highest one was 16,940USD/t, the lowest one was 16,660USD/t, the closing price was 16,815USD/t, the price increased 10USD/t. The volume was 207 lots all day; Open interest was 17,548 lots, decreased 713 lots. The inventory was 6,575t, 5t more than before.
SN trend: On Sep 18, the opening price of SN2001 at night was 137,230RMB/t, the highest one was 137,600RMB/t, the lowest one was 136,810RMB/t, the closing price was 137,080RMB/t, the price fell 200RMB/t. The volume was 13,028 lots, the open interest was 36,822 lots, increased 440 lots.
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