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August 10 Lun aluminum afternoon review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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London aluminum afternoon commentary: the dollar continued to be weak, overnight London aluminum closed up 1.
31%; Lunhu inventory is low, the atmosphere of the futures market is generally optimistic, yesterday an aluminum plant in Sichuan suddenly accident or again reduce production, now aluminum or rise
.

Lun aluminum

The dollar continued to weaken, the market waited for the upcoming US CPI data to provide clues for the Fed to raise interest rates at a multi-fund pace in September, overnight London aluminum was strong and volatile, the latest closing quotation of 2472 US dollars / ton, closed up 32 US dollars, or 1.
31%, the volume of 13255 lots increased by 5920 lots, and the position 572378 increased by 2886 lots
.
In the evening, Shanghai aluminum ran strongly, and the latest closing price of the main monthly 2209 contract was 18660 yuan / ton, up 160 yuan, or 0.
86%.

The London Metal Exchange (LME) reported 284,275 metric tons of London aluminum on August 9, down 3,150 metric tons, or 1.
10%,
from the previous trading day.

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