SunSirs: Oct 10

On Oct 9, the Tin Commodity Index was 69.58, 0.8 higher than that of yesterday, 30.59% lower than the peak of 100.25 in the cycle (Sep 5, 2011), and 62.34% higher than the lowest point of 42.86 (Dec 9, 2015). (Cycle: Sep 1, 2011 to date)

On Oct 9, the U.S. dollar index fell in the afternoon, but gradually recovered and became largely constant against RMB. In the early morning of Thursday, October 10 (Beijing time),

the minutes of the Federal Reserve's September policy meeting showed that the U.S. dollar closed at 99.136, increased 0.02%. In October, the probability of the Federal Reserve cutting its interest rate by 25 basis points to 1.50%-1.75% is 83.9%, and the probability of maintaining the current interest rate is 16.1%. In December, the probability of reducing interest rate by 25 basis points to 1.50%-1.75% is 48.9%, the probability of reducing interest rate by 50 basis points is 43.3%, and the probability of maintaining the current interest rate is 7.8%. Oil prices remained stable on Wednesday because Turkey's attack on Syria could disrupt oil production in the region, China and the United States are expected to reach a trade agreement, but the rising rate is limited by the increase of U.S. crude oil stocks. Affected by these, LME mainly increased and slightly decreased, ZSD increased almost 1%, SND and PBD increased almost 0.2%, CAD increased almost 0.1%, AHD decreased slightly, NID decreased almost 0.6%. In the domestic market, NI decreased almost 1.5%, PB decreased almost 0.7%, AL decreased almost 0.3%, CU decreased almost 0.2%, SS decreased almost 0.1%, NI increased slightly, RB increased almost 0.2%, ZN increased almost 1%.

SND trend: Last night, the opening price of SND’s electronic disk was 16,375USD/t, the highest one was 16,550USD/t, the lowest one was 16,200USD/t, the closing price was 16,400USD/t, the price increased 30USD/t. The volume was 425 lots all day; Open interest was 17,780 lots, decreased 144 lots. The inventory was 6,660t, 60t less than before.

SN trend: Last night, the opening price of SN2001 was 136,770RMB/t, the highest one was 137,280RMB/t, the lowest one was 136,280RMB/t, the closing price was 136,440RMB/t, the price decreased 490RMB/t. The volume was 15,172 lots, the open interest was 39,436 lots, increased 144 lots.

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