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Lead ingot News
SunSirs: LME Lead and Shanghai Lead Both Went up Slightly at Night
May 21 2020 08:29:39SunSirs(Linda)

The commodity price index BPI on May 19 was 725 points, an increase of 3 points from May 18, a decrease of 28.85% from the highest point in the cycle of 1,019 points (2012-April-10), and 660 points (9.85%) from the lowest point of February 03, 2016. (Note: the period refers to 2011-December-01 to present).

The lead commodity index on May 19 was 86.38, an increase of 1.14 points from May 18, a decrease of 35.54% from the highest point in the cycle of 134.01 points (2016-November-29), and an increase of 15.74 from the lowest point of 74.63 points on March 19, 2015 %. (Note: Period refers to 2011-September-01 to present).

On May 19, the US dollar index continued to fall, at 99.57, down 0.06%, and once fell to 99.22; data showed that the UK unemployment rate in April was 5.8%, the previous value was 3.5%. In contrast, it rose by 2.3 percentage points; ECB President Lagarde said that although the German Supreme Court questioned the legitimacy of one of the ECB ’s debt purchase plans, the central bank will continue to implement the purchase plan, suggesting that the ECB is ready, it is a good challenge to the German court's decision; Crude oil: the price of the US WTI crude oil futures market rose, and the main contract settlement price was reported at 31.96 USD per barrel, an increase of 0.31 US dollars. Brent crude oil futures market prices fell, the main contract settlement price reported 34.81 US dollars / barrel, a decrease of 0.16 US dollars. Affected by this, most LME metals rose, with nickel up 1.8%,  tin up 1.2%, lead up 1.1%, zinc up 0.5%, copper up 0.1%, and aluminum down 0.8%. In the Chinese futures market, Shanghai tin rose 1.5%, nickel rose 1.2%, lead rose 0.2%, copper and zinc fell 0.1%, stainless steel fell 0.3%, and aluminum and screw fell 0.4%.

The trend of LME lead: LME lead opened at 1,657 USD / ton, the lowest was 1,649 USD / ton, and the highest was 1,687 USD / ton. It closed at US $ 1,681 / ton, up US $ 18.5 / ton, or 1.11%.

Shanghai lead trend: Shanghai lead opened at 14,095 yuan / ton, with a minimum of 13,995 yuan / ton, a maximum of 14,135 yuan / ton, and a closing of 14,125 yuan / ton, an increase of 0.57%. Open interest decreased by 121 lots to 15,697 lots.

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

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