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    Home > Chemicals Industry > New Chemical Materials > July 23 Lun aluminum morning review

    July 23 Lun aluminum morning review

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    On Friday, Lun aluminum opened at 2007 US dollars / ton, Asian session, Lun aluminum around the daily moving average oscillation, the low touched 2003 US dollars / ton, into the European trading session, Lun aluminum rebounded, Lun aluminum touched 2037.
    5 US dollars / ton, encountered 5-day moving average resistance, Lun aluminum fell back to 2020 US dollars / ton line, then the US index leaked, Lun aluminum once again made a force upward, broke through the 5-day moving average, the high recorded 2047 US dollars / ton, closed at 2042.
    5 US dollars / ton
    .

    Lun aluminum

    LME stocks rose by 4,425 tonnes to 1,208,400 tonnes
    .
    U.
    S.
    Treasury Secretary Mnuchin said in an interview on the 20th that it is possible to remove Rusal from the sanctions list, which makes the news of possible sanctions by Rusal in the early market officially verified, but because the early market has fermented this rumor, this stage of the hype about Rusal is temporarily over, and the aluminum is expected to run 2030~2055 US dollars / ton
    in the day.

    On the macro front, the uncertainty of the trade war between major economies is weakening the economic prospects of the two countries and thus causing a downward trend in the world macroeconomy, the market shock caused by the policy has or temporarily overshadowed the impact of fundamentals, this week should pay attention to the G20 finance ministers, central bank governors meeting and the EU retaliatory tariff measures against the United States landing, operational recommendations to see more and less action, wait and see, aluminum market bulls can continue to hold
    .

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