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Lun aluminum opened at 2171 US dollars / ton, before the afternoon of the Asian market London aluminum shock upward slightly touched 2178.
5 US dollars / ton, and then entered the downward rhythm, the center of gravity continued to move down at the end of the afternoon low touched 2165 US dollars / ton, into the European trading session The US dollar rose strongly, the base metal fell under pressure, Lun aluminum continued to be weak in the market, refreshing the intraday low touched 2162.
5 US dollars / ton, but then the US index continued to fall from the high, Lun aluminum touched a low rebound, the high recorded 2193 US dollars / ton, It closed at a high of $2187.
5/mt
.
On the macro level, the Sino-US trade war has restarted, and as the US tax has entered a substantive stage, the war of words between the two sides has become more and more intense, and at the same time, the European Union and other regions have also introduced corresponding tariff measures against the United States, and the market is extremely worried
about trade issues.
Affected by trade disputes, non-ferrous metals continued to weaken
overnight.
But the trade dispute may boost aluminum prices, which are beginning to come out of a relatively strong position
.
Overnight, Lun aluminum closed Xiaoyang back to near the 5-day moving average, the upper 5-day moving average was under pressure, but at the same time the support of the 2160 US dollars / ton position was strong, and the material Lun aluminum shock, running 2165 ~ 2196 US dollars / ton
within the day.
