echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > January 29 Lun aluminum morning review

    January 29 Lun aluminum morning review

    • Last Update: 2022-12-08
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Last Friday Lun aluminum opened at 2231 US dollars / ton, the Asian session narrow range oscillated between the 5/10 daily moving average, the trend is relatively light, but as the dollar continues to fall, after entering the European trading session the metal collectively rising, Lun aluminum broke through the 5-day moving average resistance touched 2248 US dollars / ton, met the 5-day moving average resistance and hovered, evening crude oil help, Lun aluminum broke through the 5-day moving average, the high recorded 2264 US dollars / ton, closed at 2260 US dollars / ton, the volume increased by 311 hands to 10251 hands, The position increased by 665 lots to 730199 lots
    .

    Lun aluminum

    In terms of the market, on the day, the spot price of London aluminum was 2238 US dollars / ton, which was 3.
    75 US dollars / ton discount from the March contract; The actual ratio of Shanghai aluminum spot to London aluminum spot was 6.
    51 (import ratio was 7.
    81), and the import loss was 2908 yuan / ton; The actual ratio of the Shanghai aluminum contract to the London aluminum contract in March was 6.
    64 (the import ratio was 7.
    81), and the import loss was 2606 yuan / ton
    .

    Lun Aluminum continued its good performance on Friday night, rebounding after touching the lower moving average support, and the overall performance was strong
    .
    At present, the bottom building action of Lun aluminum below has been basically completed, and there is good support in many previous tests, but the resistance faced by the fundamentals above cannot be underestimated, and it is believed that the short-term upper range of Lun aluminum is still relatively limited, and it is difficult to break through around $2300
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.