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    Home > Chemicals Industry > New Chemical Materials > July 19 Lun aluminum morning review

    July 19 Lun aluminum morning review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    Overnight Lun aluminum opened at 1913 US dollars / ton, Asian market noon before Lun aluminum hovered at the daily moving average, the high slightly touched 1918 US dollars / ton, in the afternoon followed Shanghai aluminum downward, successively pierced the 5/40/60 day line, into the European trading session, Lun aluminum continued the downward trend of the Asian market, the low touched 1899.
    5 US dollars / ton, 1900 US dollars / ton integer mark superimposed on the 20-day line support initially appeared, Lun aluminum low volatility, evening, Trump medical reform blocked, market loss of confidence, the US index under pressure, coupled with the night Shanghai aluminum recovery, Lun aluminum rebounded low, touching a high of $1934.
    5 / ton, and fluctuated at a high at the end of the day, closing at $1930 / ton
    .
    The volume decreased by 472 lots to 12846 lots, and the open position decreased by 6713 lots to 647594 lots
    .

    Lun aluminum

    In terms of the market, on the day, the spot price of Lun aluminum was 1936 US dollars / ton, which was 21.
    75 US dollars / ton discount from the March contract; The inventory of aluminum in London was 1.
    3734 million tons, down 4,900 tons from the previous day; the aluminum inventory in the previous period was 361,800 tons, an increase of 2,127 tons from the previous day; measured by the closing price of Shanghai aluminum, the actual ratio of the Shanghai aluminum 3 contract to the Lun aluminum March contract was 7.
    53 (the import ratio was 8.
    44), and the import loss was 1544 yuan / ton
    .

    On the news, the dollar index fell below 95 points, driving Lun Aluminum to rebound and break through the pressure
    of the 10-day moving average.
    The continued decline in LME aluminum inventories and the strengthening of crude oil prices have brought themes to the bulls, and the support below $1900 is relatively in place
    .
    Lun Aluminum's recent performance is biased towards strength, short-term or continuation of the range of 1900-1950 US dollars, focusing on resistance
    around 1930 US dollars.

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