SunSirs, Sep 23

On Sep 22, the Lead Commodity Index was 102.62, the same as that of Sep 21, 23.42% lower than the peak of 134.01 in the cycle (Nov 29, 2016), and 37.51% higher than the lowest point of 74.63 (Mar 19, 2015). (Cycle: Sep 1, 2011 to date)

The dollar index rose 9 points to 98.46 on the 20th. Non-ferrous metals performed generally. The Federal Reserve will have a new round of Quantitative Easing (QE) after the repo rate soared in the United States. China and the United States have started preparations for a new round of trade negotiations. The United States imposed sanctions against the Bank Melli Iran while Saudi Arabia led the coalition to crack down on Yemen. Saudi Arabia informed Japan that crude oil supply may occur changes from October.

PBD trend: The opening price of PBD was 2,090.5USD/t last Friday. In Asian trading, PBD moved in a tightly defined range around 2,091USD/t. In European trading, PBD swung and went up, the highest price was 2,125USD/t. The closing price was 2,116USD/t which increased 1.05% (22USD/t). Open interest increased 786 lots, and the final one was 119,000 lots.

PB trend: The opening price of PB1911 last Friday was 16,900RMB/t. It went down to 16,805RMB/t, bottomed out and fluctuated widely around 16,850 RMB/t basically. The closing price was 16,845RMB/t which decreased 0.12%(20RMB/t), the open interest increased 1,448 lots, the final one was 55,520 lots.

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