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    Home > Chemicals Industry > New Chemical Materials > August 30 Lun aluminum morning review

    August 30 Lun aluminum morning review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
    Tags

    mt 1

    jp 5 0

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    Overnight Lun aluminum opened at 2072 US dollars / ton, the beginning of the session touched 2087 US dollars / ton, the 5-day moving average resistance first appeared, Lun aluminum pressure quickly fell back, and then struggled at the 10-day moving average, always difficult to stand firm, in the afternoon Lun aluminum center of gravity continued to move down, the shock ran below the 10-day line, the low once touched 2069 US dollars / ton, into the European trading session Lun aluminum to open the upward mode, in the evening touched 2105 US dollars / ton, the end of the session gave up part of the rise to close at 2092 US dollars / ton, it is expected that today Lun aluminum continues to be around 5/ The 10-day moving average fluctuates widely, and the operating range is 2075~2100 US dollars / ton
    .

    Lun aluminum

    On the news front, North Korean missiles flying over Japan on Tuesday caused panic in financial markets, but U.
    S.
    stocks were strong
    .
    Led by employment growth, a solid economy, and expectations of the New Deal, consumer confidence rose sharply to 122.
    9 in August from 121.
    1 in July
    .
    The dollar, weakened by Trump's confidence concerns, broke a new low yesterday and may face a small accelerated decline
    .

    Overnight, London aluminum closed up $20.
    5/mt, or 0.
    99%, at $2092/mt, as geopolitical tensions in North Korea and Hurricane Harvey hit the U.
    S.
    dollar index hard.

    However, the impact of the North Korean crisis is limited and international crude oil prices continue to fall, dragging down aluminum prices
    .
    It is expected that today's domestic aluminum prices will not change much, or fall
    slightly.

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