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August 25 Lun aluminum morning review

 Last Update: 2022-12-06
 Source: Internet
 Author: User

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5 25 decimal

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Overnight Lun aluminum opened low at 2105 US dollars / ton, intraday dollar volatility upward, Lun aluminum weak running below the daily moving average, difficult to form an effective breakthrough, the center of gravity slowly moved down, into the European trading session Lun aluminum amplitude intensified, several attempts to stand on the daily average after finally formed an effective breakthrough, at night by the domestic market opening boost, Lun aluminum rose sharply to touch 2122.
5 US dollars / ton, but then gave up the part of the rise to close at 2098 US dollars / ton, the position decreased by 810 hands to 670,000 hands, It is expected that today's Lun aluminum will continue to test the 5-day moving average support, with an operating range of 2085~2110 US dollars / ton
.

Lun aluminum

In terms of the market, on the day, the spot price of London aluminum was 2083 US dollars / ton, a premium of 4.
25 US dollars / ton compared with the March contract; The actual ratio of Shanghai aluminum spot to London aluminum spot was 7.
81 (import ratio was 8.
24), and the import loss was 943 yuan / ton; The actual ratio of the Shanghai aluminum 3 contract to the London aluminum contract in March was 7.
94 (import ratio was 8.
25), and the import loss was 630 yuan / ton
.

In terms of news, the overnight dollar index trend is not new and international oil prices under pressure to decline, London aluminum closed down $11 / ton to 2098 US dollars / ton, and policy news stimulated rapid digestion, Shanghai aluminum night trading narrow range, is expected to fall slightly today, pay attention to weekend demand support
.

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