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Lun aluminum afternoon commentary: oil prices rose, overnight Lun aluminum closed up 1%; In June, China's manufacturing activities accelerated, electrolytic aluminum inventories continued to destock, Alcoa reduced production one after another, and domestic support by the cost side, now aluminum or slightly rising
.
Oil prices rose, mainly due to the supply disruption in Libya and the expected shutdown of Norway, the next week London aluminum bottomed out and rebounded, the latest closing quotation of 2469 US dollars / ton, closed up 25 US dollars, or 1.
00%, the volume of 22904 lots increased 3830 lots, the position 589436 increased 1854 lots
.
On Friday evening, Shanghai aluminum rushed back down, rebounded at the end of the day to finish the sun, the latest closing price of the main month 2208 contract was 18980 yuan / ton, up 15 yuan, or 0.
08%.
The London Metal Exchange (LME) reported its latest inventory of 369,675 metric tons on July 1, down 3,600 metric tons, or 0.
96%,
from the previous trading day.