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Home > Antimony News > News Detail
Antimony News
SunSirs: Shanghai Antimony Commodity Index Remains Unchanged at 50.29
July 02 2020 09:43:34SunSirs(Linda)

On June 30, the commodity price index BPI was 744 points, which was the same as June 29, a decrease of 26.99% from the highest point in the cycle of 1,019 points (2012-04-10), and an increase of 12.73% from the lowest point of 660 points on February 03, 2016. (Note: Period refers to 2011-12-01 to present).

The antimony commodity index on June 30 was 50.29, which was the same as June 29, a decrease of 50.85% from the highest point in the cycle of 102.32 (2012-10-16), and an increase of 7.05% from the lowest point of 46.98 on December 24, 2015. (Note: The period refers to 2012-09-08 till now).

On the fundamentals in New York, the US dollar index fell 0.08% to 97.3772; the offshore CNY rose 0.09% against the US dollar, and the USDCNH reported 7.0708; the Euro zone June consumer price index (annual rate) before the initial value: 0.1% expectation: 0.2% Actual: 0.3%; the central bank decided to reduce the re-loan and re-discount rates by 0.25%, after adjustment, the 3-month, 6-month, and 1-year agricultural support refinancing and small support refinancing rates are 1.95%, 2.15%, and 2.25%, respectively; Crude oil: U.S. Energy Information Administration (EIA): API crude oil inventory (10,000 barrels) before the week of June 26: 174.9, expected: -95 , announced: -815.6. Crude oil (as of 3 a.m. Beijing time on July 1st) spot Brent closed at 41.83 US dollars / barrel, up 0.44 US dollars from the previous trading day, an increase of 1.06%. Crude oil (as of 3 a.m. Beijing time on July 1st) WTI closed at 39.34 US dollars / barrel, a decrease of 0.47 US dollars from the previous trading day, a decrease of 1.18%. Affected by this, the London metal market rose and fell. Lun copper rose 1.17%, aluminum rose 0.31%, nickel rose 0.27%, tin fell 0.24%, zinc fell 0.88%, lead fell 1.06%, Shanghai metals mainly increased, copper rose 0.76%, aluminum rose 0.72%, lead rose 0.65%, tin rose 0.12%, zinc fell 0.6%, and nickel fell 0.84%.

SunSirs believes that in the current situation of foreign demand for antimony products has not been improved, and the market turnover is low, most manufacturers are mainly selling prices, and it is expected that the market price will remain stable.

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

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