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August 20 Lun aluminum afternoon review

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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Lun aluminum afternoon comment: oil prices continued to decline to hit a new low in May, overnight Lun aluminum closed down 0.
74%; Some domestic aluminum plants have resumed production one after another, the speed of aluminum ingot destocking has slowed down, and there is a backlog of aluminum ingots in the northwest region, and aluminum prices are expected to fall
.

Lun aluminum

As the number of new cases climbed, global demand weakened, and the Federal Reserve hinted that it would scale back asset purchases, so that oil prices continued to decline and hit a new low in May, overnight Lun aluminum volatility lower, the latest closing quotation of 2544 US dollars / ton, closed down 19 US dollars, down 0.
74%, the volume of 20100 lots increased by 5123 lots, and the position 652724 decreased by 167 lots
.
In the evening, Shanghai aluminum ran at a low level, and the latest closing price of the main monthly 2109 contract was 19875 yuan / ton, down 165 yuan, or 0.
82%.

The London Metal Exchange (LME) reported 1,309,700 metric tons of London aluminum on August 19, down 5,425 metric tons, or 0.
41%,
from the previous trading day.

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