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    Home > Chemicals Industry > New Chemical Materials > April 3 Lun aluminum afternoon commentary

    April 3 Lun aluminum afternoon commentary

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Thursday, London aluminum opened at $1495 / ton
    in the morning.
    At the beginning of the Asian session, Lun aluminum fluctuated downward to a low of 1485.
    5 US dollars / ton, and then tried to repair the previous decline; From the end of the Asian market to the beginning of the European session, crude oil prices stopped falling and turned up, and the Lun aluminum market was also encouraged and rushed upward to 1500 US dollars / ton, but the bulls quickly closed their positions at a high level, and Lun aluminum turned downward; Entering the North American trading session, driven by the rise in crude oil, Lun Aluminum tried to rush higher again, and finally closed at 1504 US dollars / ton, up 9 US dollars / ton, or 0.
    6%, mainly long positions
    .
    The pattern of weak fundamentals is difficult to change, crude oil rise intraday stimulation to London aluminum is limited, it is expected that the short-term London aluminum trend will still be under pressure, the operating range is 1480-1530 US dollars / ton
    .

    Lun aluminum

    European and American stock markets rose on Thursday, energy stocks led the market, overnight London aluminum strong volatility, the latest closing quotation of 1504 US dollars / ton, up 9 US dollars, or 0.
    60%, the volume of 16716 lots increased 78 lots, the position 761473 increased by 5283 lots
    .

    In terms of inventory, the London Metal Exchange (LME) reported 1210475 metric tons of London aluminum on April 2, an increase of 46,275 metric tons, or 3.
    97%,
    from the previous trading day.

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