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    Home > Chemicals Industry > New Chemical Materials > February 14 Lun aluminum morning review

    February 14 Lun aluminum morning review

    • Last Update: 2022-12-08
    • Source: Internet
    • Author: User
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    Overnight Lun aluminum opened at 2128.
    5 US dollars / ton, the Asian session in the US dollar sharp leakage boosted, Lun aluminum several attempts to break up the 5-day moving average unsuccessful, the high touched 2151 US dollars / ton, into the European trading session, LME aluminum inventory announced a large increase of 158925 tons to 1275500 tons, Lun aluminum under pressure fell low to touch 2123 US dollars / ton, but with the surrounding varieties rose sharply, aluminum prices were shocked and then repaired the decline and successfully turned red to close at 2139.
    5 US dollars / ton, However, the overall trend is significantly weaker than the surrounding varieties, yesterday's LME aluminum inventory increased sharply, it is expected that today's Lun aluminum will continue to bear pressure on the 5/60 daily moving average, running at 2120~2150 US dollars / ton
    .

    Lun aluminum

    In terms of the market, as of February 13, the spot price of London copper was 6787 US dollars / ton, which was 43 US dollars / ton discount to the March contract; The actual ratio of Shanghai copper spot to London copper spot was 7.
    52 (import ratio was 7.
    52), and the import loss was 13 yuan / ton; The actual ratio of the Shanghai Copper Lian 3 contract to the London copper March contract was 7.
    59 (the import ratio was 7.
    52), and the import profit was 478 yuan / ton
    .

    On Tuesday night, driven by the positive news of the US government's disclosure of infrastructure plans, non-ferrous metal prices rebounded low on expectations of good demand, the LME nonferrous sector gave up intraday losses, and SHFE metals also rebounded
    overnight.
    On the whole, although it is in the traditional off-season in the first quarter, under the superposition of supply-side reform expectations and demand-side good expectations, the non-ferrous metal sector has rebounded before the holiday, and the short-term adjustment is difficult to change the medium and long-term good prospects.

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