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Lun Aluminum afternoon commentary: The collapse of oil prices dragged down the spread of market panic, and Lun Aluminum fell 3.
82% overnight; Bearish resonance, pessimistic outlook for industrial metal demand, Shanghai aluminum test neckline support, superimposed today aluminum or fall.
The collapse of oil prices dragged down the spread of market panic, the bull market pattern was further loosened, oil prices fell more than $14 in a single day, the lethality far exceeded March, such a decline performance stunned the market, once again hit the commodity market, overnight Lun aluminum was shocked sharply down, the latest closing quotation of 2369 US dollars / ton, closed down 94 US dollars, down 3.
82%, the volume of 18460 hands increased by 10133 hands, the position 587661 lot decreased by 4641 lots
.
In the evening, Shanghai aluminum bottomed out and ran weakly, and the latest closing price of the main monthly 2208 contract was 18225 yuan / ton, down 580 yuan, or 3.
08%.
The London Metal Exchange (LME) reported 362,525 metric tons of London aluminum on July 5, down 3,625 metric tons, or 0.
99%,
from the previous trading day.