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    Home > Chemicals Industry > New Chemical Materials > August 18 Lun aluminum morning review

    August 18 Lun aluminum morning review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    Overnight Lun aluminum opened at 2092.
    5 US dollars / ton, the Asian session was driven by the surrounding metals and the domestic market, the center of gravity of Lun aluminum slowly moved up, the high touched 2112 US dollars / ton, but the rally was slightly weak, entering the European trading session, the US dollar turned red strongly, the base metal was under pressure downward, Lun aluminum leaked sharply low to 2073.
    5 US dollars / ton, the evening domestic night trading began, Lun aluminum was controlled by the trend of Shanghai aluminum to continue the decline, the low all the way to 2065 US dollars / ton, closed at 2066.
    5 US dollars / ton, The position increased by 7311 lots to 668,000 lots, and the short position was mainly increased, and it is expected that today's Lun aluminum or try to test the 5-day moving average support, the operating range is 2055~2075 US dollars / ton
    .

    Lun aluminum

    In terms of the market, on the day, the spot price of London aluminum was 2075 US dollars / ton, which was 6 US dollars / ton higher than the March contract; The actual ratio of Shanghai aluminum spot to London aluminum spot was 7.
    7 (import ratio was 8.
    26), and the import loss was 1245 yuan / ton; The actual ratio of the Shanghai aluminum 3 contract to the London aluminum March contract was 7.
    91 (the import ratio was 8.
    26), and the import loss was 748 yuan / ton
    .

    In terms of news, non-ferrous metals pulled back
    overnight as the market worried about risk aversion driven by the US economy and the terrorist attack in Barcelona.
    Overnight, Lun aluminum rushed back down to close the long upper lead near the 5-day moving average, and Shanghai aluminum fell sharply to close the mid-black line, falling back to near
    the 5-day moving average.
    Yesterday's gains were basically recovered, the market's enthusiasm for long was hit, and there may be a volatile market near the 5-day moving average in the short term
    .

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