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    Home > Chemicals Industry > New Chemical Materials > June 12 Lun aluminum noon comment

    June 12 Lun aluminum noon comment

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Overnight, Lun aluminum opened at 1777 US dollars / ton in the morning, and after the Asian session, it rose slightly and then fell, and then the hourly line hovered at the 5/10-day moving average; During the European trading session, the price slowly climbed up again and then pulled back again, and the market continued to fluctuate upward after a slight rest, reaching the highest level of the day at 1797.
    5 US dollars / ton; Entering the North American trading session, the outside market non-ferrous general fell, Lun aluminum also turned down, giving up its previous gains, the lowest test to 1774.
    5 US dollars / ton, and finally closed at 1778 US dollars / ton, up 1 US dollars / ton, or 0.
    06%.

    The daily K-line closed a long upper shadow small white candle, above the test of the 20-day moving average, the trading volume increased by 3169 to 11698 lots, the position decreased by 3677 lots to 687,000 lots, mainly
    short positions reduced.
    It is expected that the aluminum will run at 1770-1820 US dollars / ton
    .

    Lun aluminum

    The Fed's monetary policy outlook is still closely watched, the dollar index fell overnight, Lun aluminum rushed back down intraday, closed slightly higher at the end of the day, the latest closing quotation of 1778 US dollars / ton, up 1 US dollars, or 0.
    06%, the volume of 11678 lots increased by 3197 lots, and the position 686777 lots decreased by 3677 lots
    .

    In terms of inventory, the London Metal Exchange (LME) reported 1,096,300 metric tons of London aluminum on June 11, a decrease of 9,450 metric tons, or 0.
    85%, from the previous trading day, and a cumulative decrease of 14.
    03%
    in the last 23 trading days.

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