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    Home > Chemicals Industry > New Chemical Materials > June 11 Lun aluminum morning review

    June 11 Lun aluminum morning review

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    Overnight, Lun aluminum opened at 2283 US dollars / ton, after entering the Asian session, Lun aluminum continued to maintain a narrow range of oscillation
    .
    After entering the European session, Lun Aluminum sought a breakthrough again, touching a high of 2324.
    5 US dollars / ton
    .
    In overnight trading, with the domestic Shanghai aluminum pullback, the volatility of London aluminum intensified, and it fell into the moving average entanglement again, and the shock fell back to 2310 US dollars / ton
    .
    The trading volume increased by 5,678 lots to 9,802 lots, and the open position decreased by 4,133 lots to 723,000 lots
    .
    Lun aluminum returned to the 5/40 daily moving average, and the intraday operating range of Lun aluminum was 2290~2340 US dollars / ton
    .

    Lun aluminum

    In terms of news, the ZTE incident has basically ended, and Sino-US trade issues continue to ease.

    The U.
    S.
    economic data was significantly better than expected, the European PMI data also exceeded expectations, and the dollar index fell due to the US political situation and many countries imposed tariffs on the United States, which was good for color
    .
    China's official manufacturing index is better than expected, above the boom-bust line, which is also somewhat supportive
    of nonferrous metals.
    The new round of environmental protection supervision is promoted, and the impact of high environmental protection pressure on the economy will continue
    .
    The supply side is stimulated by this, and non-ferrous prices are supported
    .

    London Metal Exchange (LME) on June 08, the latest inventory of London aluminum reported 1175225 metric tons, a decrease of 4950 metric tons, or 0.
    42%, from the previous trading day's inventory; Lun Aluminum fell 2.
    58%
    in five consecutive trading days.

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