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Lun Aluminum afternoon commentary: U.
S.
stocks weakened to a nearly two-week low, and Lun Aluminum closed down 0.
21% overnight; The overseas energy crisis is strong, and the expansion of domestic power cuts has led to weak supply and demand, and downstream goods are mainly wait-and-see, and aluminum is expected to rise
slightly today.
U.
S.
stocks weakened to a nearly two-week low, the market was nervous about the annual meeting of global central banks, the Fed is expected to continue to be hawkish, emphasizing the firm commitment to curbing inflation, overnight Lun aluminum low volatility, late finishing closed small negative, the latest closing quotation of 2389 US dollars / ton, closed down 5 US dollars, down 0.
21%, the volume of 11296 hands decreased 354 lots, the position 592533 lot decreased 5087 lots
.
In the evening, Shanghai aluminum bottomed out and rebounded, finishing at the end of the day to close Xiaoyang, the latest closing price of the main month 2209 contract was 18550 yuan / ton, up 10 yuan, or 0.
05%.
The London Metal Exchange (LME) reported 273,325 metric tons of London aluminium on August 20, down 450 metric tons, or 0.
16%,
from the previous trading day.