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December 19 Lun aluminum afternoon review

 Last Update: 2022-12-17
 Source: Internet
 Author: User

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Overnight, Lun aluminum opened at 1766.
5 US dollars / ton
in the morning.
During the Asian session, Lun aluminum stabilized after oscillating to the upside; During the European trading session, Lun aluminum briefly sideways after another force to test, and continued to rise in the North American trading session, finally closing at 1782 US dollars / ton, up 18 US dollars / ton, or 1.
02%.

Mainly short positions are reduced
.
It is expected that today's trend of Lun aluminum will follow Shanghai aluminum, running at 1760-1800 US dollars / ton
within the day.

Lun aluminum

China's primary aluminum production in November did not increase, trade relations eased to boost optimism around demand, overnight Lun aluminum was shocked higher, the latest closing quotation of 1782 US dollars / ton, up 18 US dollars, or 1.
02%, the volume of 8853 lots decreased 965 lots, and the position 751333 increased by 10520 lots
.

In terms of inventory, the London Metal Exchange (LME) reported 1487775 metric tons of London aluminum on December 18, an increase of 43,475 metric tons, or 3.
01%, from the previous trading day, and a cumulative increase of 15.
84%
in the last eight trading days.

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