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July 30 Lun aluminum afternoon review

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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The Fed still maintained a dovish attitude, closing up $76 overnight; The power limit in the southwest region has been upgraded, some aluminum companies have chosen to advance the annual maintenance, and the electrolytic aluminum destocking speed is relatively fast, and it is expected that aluminum will rise
today.

Lun aluminum

The Fed decided to keep interest rates and bond purchases unchanged, and the Fed still maintained a dovish attitude, overnight London aluminum was strong and volatile, the latest closing quotation of 2596 US dollars / ton, closed up 76 US dollars, or 2.
99%, the volume of 16130 lots increased by 1456 lots, and the position 670117 increased by 1850 lots
.

In terms of inventory, the London Metal Exchange (LME) reported 1395225 metric tons of London aluminum on July 29, down 6,275 metric tons, or 0.
45%,
from the previous trading day.

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