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Lun aluminum opened at 2179.
5 US dollars / ton, after the opening of Lun aluminum tried to repair last week's decline, the high touched 2185.
5 US dollars / ton, and then due to the domestic Shanghai aluminum diving into a downward mode, the end of the Asian session closed at a low of 2164.
5 US dollars / ton
.
After entering the European trading session, due to the weakening of the US index, Lun aluminum rebounded
slightly.
After the opening of the night session, Lun aluminum continued to weaken due to the continued weakening of Shanghai aluminum but still maintained a volatile downward, closing at an intraday low of 2149.
5 US dollars / ton
.
The 5-day moving average above Lun aluminum continued to move down, and it may try to repair the decline to near the 5-day moving average within the day, and it is expected to run 2140~2165 US dollars / ton
within the day.
On the macro front, affected by the news that the United States intends to restrict investment in the technology industry of Chinese enterprises, Sino-US trade frictions continue to ferment, market risk aversion is relatively strong, commodity markets continue to be weak, and base metals show shock and weakening
.
METAL aluminum for March delivery closed down 1.
24% at $2149.
5 a tonne
.
In terms of inventory, on June 25, SMM statistics on domestic electrolytic aluminum social inventory (including SHFE warehouse receipts) consumed aluminum ingot storage totaled 1.
869 million tons, down 15,000 tons
from last Thursday.
In view of the market's expectation of shortness on the later consumer side, there is pressure
above the aluminum futures price.