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SunSirs: China's Antimony Commodity Index Rose 0.69 Points

October 30 2020 09:08:40     SunSirs (Linda)

On October 28, the commodity price index BPI was 810 points, an increase of 1 point from October 27, a decrease of 20.51% from the highest point in the cycle of 1019 points (2012-04-10), and the lowest from February 03, 2016 660 points increased by 22.73%. (Note: The period refers to 2011-12-01 till now).

 The antimony commodity index on October 28 was 59.16, an increase of 0.69 points from October 27, a decrease of 42.18% from the highest point in the cycle of 102.32 points (2012-10-16), and a decrease of 46.98 points from the lowest point on December 24, 2015 An increase of 25.93%. (Note: Period refers to 2012-09-08 to present).

In late New York trading, the U.S. dollar index rose 0.44% to 93.4498, a record high in more than a week; the offshore renminbi fell 0.22% against the U.S. dollar, and USDCNH reported 6.7284; major European countries saw new cases hit record highs, and France and Germany both launched stringent lockdown measures; the United States In September, the merchandise trade account deficit narrowed to 79.4 billion U.S. dollars, with an expected deficit of 84.5 billion U.S. dollars and a previous deficit of 82.9 billion U.S. dollars; crude oil prices: as of October 29, Brent spot closing at 3 a.m. Beijing time was 37.77 U.S. dollars per barrel, month-on-month. A trading day fell 2.24 US dollars, or 5.6%. WTI closed at US$37.72/barrel, down US$2.15 or 5.39% from the previous trading day. The LME outer metal market mostly declined. London copper fell 0.8%, London aluminum fell 0.52%, London zinc fell 0.18%, London nickel fell 1.16%, London tin fell 0.33%, and London lead rose 1.71%; domestic futures markets fell mainly. Shanghai copper fell 0.5%, Shanghai aluminum fell 0.9%, Shanghai zinc fell 0.86%, Shanghai lead rose 0.35%, Shanghai nickel fell 0.91%, Shanghai tin fell 0.51%, thread rose 0.52%, and stainless steel rose 0.35%.

LME lead trend: LME lead opened overnight at US$1,777.5/ton, mainly within a narrow range during Asian time; during European time, LME lead broke through US$1,800/ton, reaching a maximum of US$1,813/ton, and closing at US$1,810/ton, up US$30.5/ton. An increase of 1.71%. 4,523 lots were traded.

Shanghai Lead Trend: The Shanghai Lead 2011 contract opened at 14,400 yuan/ton in the recent month, and the post-market consolidation was the main focus. It closed at 14,460 yuan/ton, and closed up 35 yuan/ton, an increase of 0.24%.

Raw materials are tight, safety and environmental protection and other factors affect the price increase of antimony products.

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

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