SunSirs: Oct 10
On Oct 9, the Lead Commodity Index was 103.58, 0.68 lower than that of yesterday, 22.71% lower than the peak of 134.01 in the cycle (Nov 29, 2016), and 38.79% higher than the lowest point of 74.63 (Mar 19, 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%.
PBD trend: The opening price of PBD overnight was 2,144USD/t. In Asian trading, PBD went lower to 2,138USD/t. In European trading, PBD swung lower, the lowest point is 2,117USD/t, the closing price was 2141.5USD/t, increasing 4USD/t (0.19%).
PB trend: The opening price of PB1911 overnight was 16,945RMB/t, It went down to 16,865RMB/t initially, and the closing price was 16,915RMB/t.
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