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    Home > Chemicals Industry > New Chemical Materials > June 12 Lun aluminum morning review

    June 12 Lun aluminum morning review

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    Overnight, Lun aluminum opened at 2315 US dollars / ton, and after entering the Asian session, Lun aluminum continued to maintain a narrow range of oscillation
    .
    After entering the European session, the volatility of Lun aluminum intensified, and the bulls intervened again to try to break upwards to get rid of the moving average entanglement, touching $2325 / ton at a high level, followed by a sniper by bears, and the long-short game intensified
    .
    In the night session, with the violent fluctuation of domestic Shanghai aluminum, Lun aluminum touched 2285 US dollars / ton at a low level, and then followed the Shanghai aluminum pullback, closing at 2309 US dollars / ton at the end of the session, closing at the cross
    .

    Lun aluminum

    On the news front, U.
    S.
    stocks continued to rise slightly on Monday, the recent U.
    S.
    economic performance is thriving, financial market optimism still dominates the market, this week's Federal Reserve interest rate meeting, the market awaits the Fed's decision
    to raise interest rates.
    In Europe, Italy's new finance minister said he would not leave the euro, and stocks rebounded strongly, and the market also waited for the European Central Bank's decision to end QE
    at this week's interest rate meeting.
    Affected by the contraction of the US currency, the exchange rates of many emerging market countries fell sharply, funds returned to the United States, and the country also paid attention to whether to follow up the interest rate hike, coupled with the end of the half year, the pressure of domestic capital tension continued
    .

    At present, the United States and Europe have not reached any agreement on tariffs, the macroeconomic situation is still unstable, and aluminum prices have weakened
    slightly.
    Overnight, Lun aluminum slightly fluctuated to close the doji, basically flat today, short-term market lack of favorability, rebound momentum is slightly insufficient, is expected to repeatedly test the 2300 mark
    .

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