SunSirs, Aug 29

On Aug 28, the Lead Commodity Index was 104.26, 0.8 higher than that of Aug 27, 22.20% lower than the peak of 134.01 in the cycle (Nov 29, 2016), and 39.70% higher than the lowest point of 74.63 (Mar 19, 2015). (Cycle: Sep 1, 2011 to date)

On Aug 28, the dollar index rose, USD started this week with weakness, overnight, CNH fell 0.04% against USD，USDCNH PREV CLOSE 7.1700; The State Council: Unleashing the potential of automobile consumption, the inflection point of automobile industry is approaching; From Sep 2, Tariff Commission of the State Council will formally accept the applications for exemption from its second-round of additional tariffs on US imports; Continuing to pay attention to global trade relations and the hot situations in Britain, Italy, Argentina and so on. Affected by this, the foreign metal market rose and fell by half, ZSD decreased 0.59%, NID increased 4.09%, AHD decreased 0.62%, CAD increased 0.43%, PBD decreased 1.29%, SND increased 0.25%；The domestic metal market closed up mostly, ZN increased 0.16%, AL increased 0.24%, PB decreased 1.29%，CU increased 0.17%, SN increased 0.88%, NI increased 1.22%, RB increased 1.37%.

PBD trend: The opening price of overnight PBD was 2,095.5USD/t, it was a strong opening trend. In Europe, after the short-term consolidation, PBD took a dive and fell to 2,061USD/t, the closing price was 2,066USD/t which fell 27USD/t. Open interest increased 874 lots, and the final one was 119,000 lots.

PB trend: The opening price of overnight PB1910 was 17,365RMB/t, affected by PBD, it also fell, the lowest price was 17,250RMB/t, the closing price was 17,265RMB/t which fell 170RMB/t, it declined 0.98%, Open interest reduced 5,314 lots, and it decreased to 69,742 lots at last.