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August 31 Lun aluminum afternoon review

 Last Update: 2022-12-26
 Source: Internet
 Author: User

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1 4 benzoquinone

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Lun aluminum afternoon comment: oil prices fell to a one-month low, and Lun aluminum fell more than 4% overnight; Domestic Sichuan electricity recovery aluminum plant plans to resume production, downstream consumption continues to be weak and enterprise start is disrupted by the epidemic, aluminum is expected to fall
.

Lun aluminum

Oil prices tumbled nearly 5% to hit a one-month low as the market worried about global central bank interest rate hikes to fight inflation, weak fuel demand, and an unexpected increase in inventories, overnight aluminum shocks bottomed out, the latest closing quotation of 2384 US dollars / ton, closed down 106 US dollars, or 4.
26%, the volume of 19165 lots increased by 1878 lots, and the position 598527 increased by 166 lots
.
In the evening, Shanghai aluminum ran weakly, and the latest closing price of the main monthly 2210 contract was 18280 yuan / ton, down 255 yuan, or 1.
38%.

The London Metal Exchange (LME) reported its latest inventory of 280,475 metric tons on August 27, an increase of 2,450 metric tons, or 0.
88%,
from the previous trading day.

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