echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > August 2 Lun aluminum morning review

    August 2 Lun aluminum morning review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Overnight Lun aluminum opened at 1916 US dollars / ton, early Lun aluminum slightly touched 1919.
    5 US dollars / ton, then fell back to the daily average below the narrow range, afternoon end of the day Lun aluminum quickly leaked pierced the 60-day line support, into the European trading session Lun aluminum pressure daily average low wide shock, below once pierced the 40-day low touch 1903 US dollars / ton, and finally closed at 1909.
    5 US dollars / ton, The position decreased by 6625 lots to 637,000 lots, and the long position was mainly closed, and it is expected that today's Lun aluminum will continue to struggle in the moving average winding, with a running range of 1903~1917 US dollars / ton
    .

    Lun aluminum

    In terms of the market, on the day, the spot price of Lun aluminum was 1904 US dollars / ton, which was 22.
    25 US dollars / ton higher than the March contract; The actual ratio of Shanghai aluminum spot to London aluminum spot was 7.
    45 (import ratio was 8.
    38), and the import loss was 1595 yuan / ton; The actual ratio of the Shanghai aluminum 3 contract to the London aluminum contract in March was 7.
    64 (the import ratio was 8.
    38), and the import loss was 1400 yuan / ton
    .

    In terms of news, the ISM manufacturing index in the United States in July was 56.
    3, although it fell from a new high since August 2014, but it was above the 50-rise line for 11 consecutive months, indicating that the US manufacturing industry continues to expand
    .
    Overnight, Lun aluminum fluctuated down $8.
    5/ton to $1909.
    5/ton, down 0.
    44%.

    It is expected that today's aluminum prices are mainly volatile
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.