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Lun aluminum afternoon comment: oil prices and U.
S.
stocks both rose, overnight Lun aluminum closed up $24; Domestic electrolytic aluminum continues to go to storage, southwest China continues to limit power and production, supply concerns continue to heat up, it is expected that aluminum will rise
slightly today.
Oil prices and U.
S.
stocks both rose, as the market situation is still favorable for the stock market, as long as the Fed maintains an easing policy, corporate earnings continue to rebound, and the intensification of tensions in the Middle East overshadows the impact of epidemic concerns, overnight Lun aluminum is strong shock, the latest closing quotation of 2562 US dollars / ton, closed up 24 US dollars, or 0.
94%, the volume of 9394 lots decreased by 959 lots, and the position 665902 lots decreased by 2541 lots
.
In the evening, Shanghai aluminum opened volatile, and the latest closing price of the main monthly 2109 contract was 19,795 yuan / ton, up 80 yuan, or 0.
41%.
In terms of inventory, the London Metal Exchange (LME) reported 1,355,600 metric tons of London aluminum on August 5, down 7,875 metric tons, or 0.
58%,
from the previous trading day.