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    Home > Chemicals Industry > New Chemical Materials > July 4 Lun aluminum morning review

    July 4 Lun aluminum morning review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    Overnight Lun aluminum opened at 1918 US dollars / ton, the Asian market was initially boosted by the domestic market, Lun aluminum touched 1928.
    5 US dollars / ton, and then fell back to the daily average near the narrow range of shock, the afternoon aluminum price stepped back to 1921 US dollars / ton, the end of the day bulls and then Laren aluminum touched 1930 US dollars / ton, into the European trading session, the dollar rose suddenly, strong back above 96 points, Lun aluminum quickly declined, giving up all the gains in the Asian market, the low touched 1915.
    5 US dollars / ton, the dollar high at the end of the day, Lun aluminum rebounded strongly, The high touched $1931/mt to close at $1927/mt
    .
    The volume decreased by 2507 lots to 10682 lots, and the position volume decreased by 1094 lots to 648427 lots
    .

    Lun aluminum

    In terms of the market, on the day, the spot price of London aluminum was 1936 US dollars / ton, which was 6 US dollars / ton discount to the March contract; Lun aluminum inventory was 1.
    4098 million tons, down 1,900 tons from the previous day; the aluminum inventory in the previous period was 327,800 tons, an increase of 675 tons from the previous day; measured by the closing price of Shanghai aluminum, the actual ratio of Shanghai aluminum 3 contract to Lun aluminum March contract was 7.
    33 (import ratio was 8.
    45), and the import loss was 2120 yuan / ton
    .

    On the news front, China's Caixin manufacturing PMI returned above the boom-bust line in June to a three-month high
    .
    And the final value of the Eurozone manufacturing PMI in June hit a 6-year high, and then the news that Xinjiang Dongfang hoped that the aluminum industry would reduce production in Xinjiang Dongfang boosted aluminum prices, and overnight Lun aluminum rose 4 US dollars / ton to 1927 US dollars / ton, an increase of 0.
    21%.

    Aluminum prices are expected to rise
    slightly today.

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