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Lun aluminum afternoon comment: oil prices weakened to hit a new half-year low, overnight Lun aluminum closed down 0.
29%; Large-scale power cuts in some domestic cities have pushed up smelting costs, market supply may shrink, Shanghai aluminum rebounded within a day, and now aluminum may rise
.
Oil prices weakened to a half-year low, on the one hand, affected by the risk of recession in the economy, on the other hand, Iran's crude oil exports will be allowed, overnight aluminum sideways volatility, continue to close the black line, the latest closing quotation of 2397 US dollars / ton, slightly down 7 US dollars, down 0.
29%, the volume of 17954 hands increased by 650 lots, the position 602686 hand construction 12728 lots
.
In the evening, Shanghai aluminum continued to run strongly, and the latest closing price of the main monthly 2209 contract was 18370 yuan / ton, up 385 yuan, or 2.
14%.
The London Metal Exchange (LME) reported 275,625 metric tons of London aluminum on August 16, down 100 metric tons, or 0.
04%,
from the previous trading day.
