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Overnight, Lun aluminum opened at 1615.
5 US dollars / ton, and the price rose steadily during the Asian session, and the price climbed slightly to 1620 US dollars / ton; The rally continued during the European session, and the price continued to rise to around $1627/ton; The US market quickly rose and stood firm at $1630/ton, with an intraday high of $1636.
0/ton; Closing higher near $1635.
0/mt late in the session, Lun Aluminum may try to break the previous high
on June 10.
It is expected that today's operating range will remain at 1620-1660 yuan / ton
.
China's economic strong rebound expectations heated up, European and American economic data fully rebounded to hit safe-haven demand, the dollar index continued to decline, overnight Lun aluminum strong trend, the latest closing quotation of 1635 US dollars / ton, up 23 US dollars, or 1.
43%, the volume of 10221 lots increased by 3305 lots, and the position volume 819616 decreased by 112 lots
.
In terms of inventory, the London Metal Exchange (LME) reported 1624775 metric tons of London aluminum on July 6, down 4,500 metric tons, or 0.
28%,
from the previous trading day.
