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August 9 Lun aluminum noon review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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Lun aluminum afternoon commentary: higher oil prices boosted commodities, Lun aluminum closed up 0.
78% overnight; The supply increment is running steadily, but the fundamentals of aluminum are still weak, and the off-season factors affect the flat downstream demand.

Lun aluminum

Although recession fears linger, positive economic data brought hope to demand, oil prices fluctuated higher in trading to boost commodities, overnight Lun aluminum opened low and high, late down to close Zhongyang, the latest closing quotation of 2440 US dollars / ton, closed up 19 US dollars, or 0.
78%, the volume of 7335 lots decreased 5233 lots, the position 569492 lot decreased 3194 lots
.
In the evening, Shanghai aluminum opened low and high, and continued to weaken and close Xiaoyang overnight, and the latest closing price of the main month 2209 contract was 18435 yuan / ton, up 10 yuan, or 0.
05%.

The London Metal Exchange (LME) reported its latest inventory of 287,425 metric tons on August 6, down 1,700 metric tons, or 0.
59%,
from the previous trading day.

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