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June 14 Lun aluminum morning review

 Last Update: 2022-12-06
 Source: Internet
 Author: User

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aluminum refractive index

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Overnight Lun aluminum low rebounded, European trading session, Lun aluminum once tested 1879 US dollars / ton, but then some long funds entered the market, inhibiting the decline of Lun aluminum, Lun aluminum rebounded and closed at 1894 US dollars / ton, up 5.
5 US dollars / ton, an increase of 0.
29%.

The trading volume of Lun aluminum increased by 3667 lots to 13979 lots, and the position increased by 3808 lots to 700,000 lots, and inventories continued to decrease, falling by 6125 tons to 1444550 tons
yesterday.

Lun aluminum

In terms of the market, on the day, the spot price of London aluminum was 1936 US dollars / ton, which was 9.
5 US dollars / ton discount from the March contract; Lun aluminum inventory was 1.
4507 million tons, down 5,675 tons from the previous day; the aluminum inventory in the previous period was 314,200 tons, an increase of 229 tons from the previous day; measured by the closing price of Shanghai aluminum, the actual ratio of Shanghai aluminum 3 contract to Lun aluminum March contract was 7.
24 (import ratio was 8.
48), and the import loss was 2273 yuan / ton (excluding financing income).

In terms of news, trading firm MarubeniCorp said that aluminum stocks at Japan's three major ports stood at 265,900 tons at the end of May, up 6.
2%
from April.
U.
S.
President Donald Trump has said that major legislative action will be taken on the issue of steel dumping, and legislative action
will soon be taken on aluminum and steel dumping.

Market sentiment continues to weaken
amid continued weakness in fundamentals.
Aluminum prices are still relatively weak in the near future, and the early support is facing a test, with a certain risk of breaking, of course, short orders need to be careful to rebound
under policy concerns.
Early short orders are held cautiously, if 08 intraday breaks 13900, it will be flat flip.

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