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Lead ingot News
SunSirs: London Lead and Shanghai Lead Oscillates at Night
August 12 2020 08:46:20SunSirs(Linda)

On August 10, the BPI of the Commodity Price Index was 763 points, a decrease of 2 points from August 9, and a decrease of 25.12% from the highest point in the cycle at 1,019 points (2012-04-10), and the lowest from February 03, 2016 Points, 660 points, an increase of 15.61%. (Note: Period refers to 2011-12-01 to present).

The lead commodity index on August 10 was 98.91, a decrease of 1.52 points from August 9, a decrease of 26.19% from the cycle high of 134.01 points (2016-11-29), and a decrease of 74.63 points from the lowest point of March 19, 2015 An increase of 32.53%. (Note: Period refers to 2011-09-01 to present).

In late New York City, the U.S. dollar index rose 0.22% to 93.62; offshore renminbi rose 0.1% against the U.S. dollar, USDCNH reported 6.9607; China's July CPI rose 2.7% year-on-year, expected to rise 2.6%, and the previous value rose 2.5%; July PPI year-on-year A decline of 2.4% is expected, and the previous value is down 3%; the New York Fed survey shows that after two months of improvement, American consumers have become more pessimistic in July; the median inflation expectations for the next three years have increased from June Increased from 2.5% to 2.7% in August; the Eurozone investor confidence index improved to negative 13.4 from negative 18.2 in July; crude oil: crude oil yesterday (as of 3 a.m. Beijing time on August 11) spot Brent closed 44.485 US dollars / barrel, an increase of 0.225 US dollars compared with the previous trading day, an increase of 0.51%. WTI closed at $42.17 per barrel, up $0.68 from the previous trading day, or 1.64%. Affected by this, the LME metal market went up and down mixed last night, LME copper rose 2.63%, LME aluminum rose 1.34%, LME tin rose 0.23%, LME zinc fell 0.31%, LME lead fell 0.73%, LME nickel fell 1.04%, and domestic night trading Shanghai Aluminum fell 1.11%, Shanghai Lead fell 0.34%, Shanghai Tin fell 0.23%, Shanghai Nickel fell 0.1%, Shanghai Zinc rose 0.03%, and Shanghai Copper rose 0.85%.

LME lead trend: Last night, LME lead quotation opened at US$1912/ton, the highest was US$1920.5/ton, the lowest was US$1895/ton, and it closed at US$1902.5/ton, down US$14/ton, or 0.73%. 3873 lots were traded.

Shanghai lead trend: The main domestic night trading Shanghai Lead 2009 contract opened at 16,250 yuan/ton, the lowest was 16,170 yuan/ton, the highest was 16,295 yuan/ton, and it closed at 16,240 yuan/ton, down 55 yuan/ton, or 0.34%, and 12243 lots were traded.

As the peak season is approaching, the domestic spot market has a good atmosphere. Under the expected blessing of the peak season, some traders purchase, and the operating rate of downstream batteries slightly increased to more than 70%. At present, the supply of primary lead in the domestic market is stable.

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

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