echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > April 16 Lun aluminum morning review

    April 16 Lun aluminum morning review

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Friday, the morning London aluminum opened at 2289.
    5 US dollars / ton, the Asian session Lun aluminum shock is weak, hanging at the daily moving average, into the European trading session center of gravity inertia slightly down, the low touched 2271 US dollars / ton, then the dollar leaked, the base metal general rise, Lun aluminum strong characteristics again, sharply pulled up to touch 2340 US dollars / ton, and then fell back to the daily average of 2306 US dollars / ton, with the opening of the domestic market, Lun aluminum center of gravity continued to move down to give up intraday gains, closing at 2275.
    5 US dollars

    Lun aluminum

    Last week, electrolytic aluminum destocking has stagnated, but the price of alumina rose for three consecutive days, a total increase of 60 yuan / ton, or on the cost side to support aluminum prices, and the US sanctions against Rusal are still the focus of market attention, the global electrolytic aluminum supply shortage concerns have not subsided, Lun aluminum is expected to remain strong; In addition, the United States is less likely to start a full-scale war against Syria, so the Syrian air strike means that the profit is exhausted, so the impact on aluminum prices is limited
    .

    Although the Rusal incident is still fermenting, the historically low Shanghai ratio stimulates the increase in China's aluminum output, which is likely to fill the reduction in aluminum exports caused by the "double reverse" of the United States, and the participation of reverse funds is gradually increasing, and it is expected that today's Lun aluminum high weak shock, the operating range is 2260~2295 US dollars / ton
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.