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July 12 Lun aluminum afternoon review

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

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Lun Aluminum afternoon commentary: Epidemic concerns re-emerged, the risk of recession intensified, and Lun Aluminum closed down 2.
72% overnight; The atmosphere of industrial products is still empty, the domestic social inventory destocking is slow, the supply is growing steadily, and aluminum is now falling
.

Lun aluminum

The outbreak of the highly contagious Omicron variant BA.
2.
75 in many places around the world once again intensified the risk of recession due to epidemic fears, and the overnight aluminum shock weakened, the latest closing quotation of 2377 US dollars / ton, closed down 67 US dollars, down 2.
72%, the trading volume of 23680 hands increased by 13318 lots, and the position 584254 decreased by 5501 lots
.
In the evening, Shanghai aluminum ran weakly, and the latest closing price of the main monthly 2208 contract was 17910 yuan / ton, down 350 yuan, or 1.
92%.

The London Metal Exchange (LME) reported 343,825 metric tons of London aluminum on July 9, down 3,350 metric tons, or 0.
96%,
from the previous trading day.

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