echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > August 7 Lun aluminum morning review

    August 7 Lun aluminum morning review

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Overnight, Lun aluminum opened at 2037 US dollars / ton, during the Asian session, Lun aluminum maintained a narrow range of oscillation, the high touched 2042 US dollars / ton, and the Asian session closed at 2029 US dollars / ton
    .
    Entering the European trading session, the volatility of London aluminum intensified, and the low fluctuated widely, touching 2024.
    5 US dollars / ton
    at a low level.
    In overnight trading, due to the sharp fluctuations of the US index, Lun aluminum volatility intensified, several rebounds, the high touched 2049 US dollars / ton
    .

    Lun aluminum

    In terms of news, China's Ministry of Commerce said that the proposal to impose import tariffs on $60 billion worth of US goods was rational and restrained, warning that if the US escalates the trade war, China reserves the right to
    take further countermeasures.
    In the United States, the non-farm payrolls increased by 157,000 after the quarterly adjustment in July, compared with the market expecting 190,000, and after revision in June, it increased by 248,000, and the preliminary value was an increase of 213,000.

    The Sino-US trade dispute still puts more pressure on the market, with the US non-farm payrolls data slightly lower than expected on Friday, the US dollar fluctuated sharply to close the doji, the yuan once fell sharply and then recovered, and non-ferrous metals rebounded
    .

    Sino-US trade war tensions continue, and the US index is under pressure on metals, and the trend of London aluminum is still weak, pay attention to the trend
    of Shanghai aluminum.
    It is expected that today's operating range is 2030~2050 US dollars / ton
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.