echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > August 22 Lun aluminum afternoon review

    August 22 Lun aluminum afternoon review

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Lun aluminum afternoon comment: the US dollar remained strong and continued to suppress nonferrous metals, and Lun aluminum closed down 0.
    48% the next week; Both internal and external aluminum plants have been disturbed to further expand production reductions, and there is still some support on the cost side, and aluminum is expected to rise
    today.

    Lun aluminum

    The dollar remained strong, hitting a five-week high on Friday and recording its biggest weekly gain since April 2020, mainly due to the Federal Reserve's continued interest rate hikes to fight inflation, thereby continuing to suppress nonferrous metals, and the next week Lun aluminum volatility weakened, the latest closing quotation of 2394 US dollars / ton, closed down 11 US dollars, or 0.
    48%, the volume of 11650 hands decreased by 1113 lots, and the position volume of 597620 increased by 3723 lots
    .
    On Friday night, Shanghai aluminum rushed back up and rebounded, running strongly at night, the latest closing price of the main monthly 2209 contract was 18530 yuan / ton, up 60 yuan, or 0.
    32%.

    The London Metal Exchange (LME) reported its latest inventory of 273,775 metric tons on August 19, down 750 metric tons, or 0.
    27%,
    from the previous trading day.

    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.