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Home > Lead ingot News > News Detail
Lead ingot News
SunSirs: London Lead and Shanghai Lead Volatility at Night
September 03 2020 08:39:41SunSirs(Linda)

On September 1, the BPI of the Commodity Price Index was 774 points, an increase of 2 points from August 31, and a decrease of 24.04% from the highest point in the cycle at 1,019 points (2012-04-10), and the lowest from February 03, 2016 660 points rose 17.27%. (Note: Period refers to 2011-12-01 till now).

SunSirs data monitors the BPI index curve of the commodity price index as follows:

The lead commodity index on September 1 was 97.16, an increase of 1.1 points from August 31, a decrease of 27.50% from the cycle high of 134.01 points (2016-11-29), and a decrease of 27.50% from the lowest point of 74.63 points on March 19, 2015 An increase of 30.19%. (Note: Period refers to 2011-09-01 to present).

In late New York trading, the U.S. dollar index rose 0.16% to 92.3231; the offshore renminbi rose 110 basis points to 6.8369 against the U.S. dollar; the U.S. August ISM manufacturing PMI 56, which hit a new high since January 2019, was expected to be 54.5 and the previous value was 54.2; in 2020 In the first half of the year, all-A profits fell by 18.2% year-on-year, and Q2 single-quarter profits fell by 13.1% year-on-year. Profits improved significantly in the second quarter. Benefits are not compromised on these three bottom lines. Crude oil market: Yesterday crude oil (as of 3 a.m. Beijing time on September 2) spot Brent closed at 44.305 US dollars / barrel, down 0.57 US dollars from the previous trading day, or 1.27%. ) WTI closed at $43.08/barrel, up $0.18 from the previous trading day, or 0.42%. Affected by this, the entire line of London Metal rose yesterday. London tin rose 2.11%, London zinc rose 1.47%, London nickel rose 1.44%, London aluminum rose 1.14%, London copper rose 0.13%, London lead rose 0.05%, and the domestic night market On the other hand, Shanghai zinc rose 0.77%, Shanghai tin rose 0.56%, Shanghai lead rose 0.41%, Shanghai nickel rose 0.2%, Shanghai copper fell 065%, and Shanghai aluminum fell 0.93%.

LME lead trend: LME lead surging and falling back to the opening of US$1,980.5/ton, the highest in 2,014 US$/ton, and the closing price of US$1,975.5/ton, an increase of US$1/ton, or 0.05%. 6,229 lots were traded.

Shanghai Lead Trend: The Shanghai Lead 2009 contract opened at 15,960 yuan/ton and closed at 15,980 yuan/ton, up 110 yuan/ton, or 0.69%.

The futures market rose slightly, not much. Today's spot market is expected to fluctuate mainly. Recently, the operating rate of downstream battery companies has increased, but the price of lead has fluctuated mainly recently, and most battery companies are mainly waiting and watching.

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

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