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December 1 Lun aluminum afternoon review

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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London aluminum afternoon commentary: the Fed returned to hawkish remarks, London aluminum closed down $25 overnight; Domestic electrolytic aluminum production remains low, but the current inventory is higher than in previous years, the spot is loose, and supply concerns are eased.

Lun aluminum

The Fed returned to hawkish remarks and considered accelerating the tapering of asset purchases, and the high of aluminum fell overnight, with the latest closing quotation of $2625 / ton, closing down $25, or 0.
94%, with a volume of 18,930 lots and an increase of 2,087 lots and a 287 673212 positions
.
In the evening, Shanghai aluminum bottomed out and jumped downward, and the latest closing price of the main month 2201 contract was 18875 yuan / ton, down 120 yuan, or 0.
63%.

The London Metal Exchange (LME) reported 900975 metric tons of London aluminum on November 30, down 8,250 metric tons, or 0.
91%,
from the previous trading day.

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