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    Home > Chemicals Industry > New Chemical Materials > August 8 Lun aluminum noon review

    August 8 Lun aluminum noon review

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    Overnight, Lun aluminum opened at 2046 US dollars / ton, during the Asian session, maintaining a narrow range of volatility, and the Asian session closed at 2044.
    5 US dollars / ton
    at the end of the session.
    Entering the European trading session, the volatility of London aluminum intensified, and the bulls tried to pull upward, touching a high of $2067 / ton
    .
    In overnight trading, Lun aluminum weakened with Shanghai aluminum, and the shock downward low touched 2032.
    5 US dollars / ton, closing at 2033 US dollars / ton
    .
    The recent trend of London aluminum is relatively weak due to the strengthening of the US index, but it is still necessary to pay attention to the changes in domestic Shanghai aluminum, and it is expected that today's operating range is 2035~2055 US dollars / ton
    .

    Lun aluminum

    In terms of news, in the United States, the August Fed meeting kept interest rates unchanged, but Fed officials are optimistic about the US economy, and the probability of two more rate hikes in the second half of the year increases
    .
    The Bank of England announced a 25 basis point interest rate hike, and the currency of advanced economies tightened
    .
    China announced a four-block tariff on $60 billion of US imports to the United States, less strong than previously stated, but the market is still pessimistic about the trade friction between the two countries, and the non-ferrous color is under pressure
    .

    Recently, commodity futures have risen, chemicals, black and agricultural products and other varieties have broken through historical highs, driving the low rebound of nonferrous metals, but the turmoil has weakened the preference of funds for nonferrous metals, and the current macro expectations are not clear, and the undercurrent of the foreign exchange market is surging, or suppressing the height of
    this round of rebound.

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