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Home > Lead ingot News > News Detail
Lead ingot News
SunSirs: London lead, Shanghai Lead Go Higher at Night
August 07 2020 11:09:24SunSirs(Linda)

The BPI of the bulk commodity price index on August 5 was 761 points, which was an increase of 1 point from August 4, and a decrease of 25.32% from the highest point in the cycle of 1019 points (2012-04-10), and the lowest from February 03, 2016 660 points increased by 15.30%. (Note: Period refers to 2011-12-01 to present).

The lead commodity index on August 5 was 96.77, an increase of 0.69 points from August 4, a decrease of 27.79% from the cycle high of 134.01 points (2016-11-29), and a decrease of 27.79% from the lowest point of 74.63 points on March 19, 2015 An increase of 29.67%. (Note: Period refers to 2011-09-01 to present).

In late New York trading, the U.S. dollar index fell 0.42% to 92.8458; offshore renminbi rose 0.43% against the U.S. dollar, and USDCNH reported 6.944; U.S. ADP employment increased by 167,000 in July, far less than the expected increase of 1.5 million, and the previous value increased by 2.369 million People; Central Bank: The current counter-cyclical adjustment of monetary policy is no longer small, and the current strength should be maintained, and there is no need to increase it; crude oil market: yesterday's crude oil (as of 3 a.m. on August 6, Beijing time) spot Brent closed at $45.92 / Barrel, up 1.75 US dollars from the previous trading day, or 3.96%. WTI closed at $42.43/barrel, up $0.52 from the previous trading day, or 1.24%. Affected by this, the metal market generally rose. London copper rose 0.56%, London aluminum fell 0.42%, London zinc rose 2.15%, London nickel rose 2.04%, London tin rose 0.62%, London lead rose 1.81%; domestic non-ferrous metals market Generally, Shanghai copper rose 0.27%, Shanghai aluminum fell 1.29%, Shanghai zinc rose 1.48%, Shanghai lead rose 1.45%, Shanghai nickel rose 1.68%, Shanghai tin rose 0.1%, screw thread rose 0.84%, and stainless steel rose 1.15%.

London lead trend: LME led overnight opened at US$1880/ton, the highest was US$1936.5/ton, and closed at US$1917/ton, an increase of US$34/ton or 1.81% from the previous trading day.

Shanghai Lead Trend: Shanghai Lead 2009 opened at 15940 yuan/ton, the lowest was 15,900 yuan/ton, the highest was 16,155 yuan/ton, and it closed at 16065 yuan/ton, an increase of 1.45%.

The decline in domestic lead social inventories and the increase in peak season expectations are favorable to support the recent high fluctuations in spot prices.

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

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