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    Home > Chemicals Industry > New Chemical Materials > April 2 Lun aluminum afternoon review

    April 2 Lun aluminum afternoon review

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Overnight London aluminum opened at 1912 US dollars / ton in the morning, boosted by the smooth progress of Sino-US trade negotiations and China's PMI data exceeding expectations, non-ferrous metals rose, the Asian session Lun aluminum March contract touched the highest 1931 US dollars / ton, a 10-day high, the Asian trading session is basically based on the daily average above the operation, after the European session, the high pressure pullback, almost gave up all the gains in the Asian market, because the dollar index soared, non-ferrous metals were almost under general pressure, Lun aluminum all the way down to the lowest point of the day of 1890 US dollars / ton, Falling below the $1900/ton mark again, it closed yesterday at a long upper shadow mid-black line, giving up most of the gains of the previous days and crossing multiple moving averages
    downward.
    As Rusal has resumed the supply of aluminum ingots in the US market, the superimposed US dollar index has not shown signs of a sharp decline, and it is expected that today's operating range is between 1890~1910 US dollars / ton
    .

    Lun aluminum

    In terms of inventory, the London Metal Exchange (LME) reported 1129175 metric tons of the latest inventory of London aluminum on March 29, down 5775 metric tons, or 0.
    51%, from the previous trading day, and the cumulative decline of 4.
    18%
    in the last eight days.

    On Friday, European and American stock markets rose, S&P hit the largest quarterly gain in a decade, enhancing investors' enthusiasm for long, the next week London aluminum was strong and volatile, the latest closing quotation of 1911 US dollars / ton, up 6 US dollars, or 0.
    31%, the volume of 14142 lots increased by 2725 lots, and the position 654695 increased by 4084 lots
    .

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