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June 27 Lun aluminum morning review

 Last Update: 2022-12-11
 Source: Internet
 Author: User

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Overnight, Lun aluminum opened at 2152 US dollars / ton, after the opening of London aluminum tried to repair last week's decline, after a small shock is still difficult to get out of the decline mode, the end of the Asian session closed at a low of 2144.
5 US dollars / ton
.
After entering the European trading session, London aluminum continued to weaken
.
After the opening of the night session, due to the sharp rise in crude oil, Lun aluminum repaired the decline in the week, touching a high of $2195 / ton, closing at $2194 / ton
.
Lun aluminum has repaired the intra-day weekly decline and re-ran between the 5/10 daily moving average, and the US index maintained a high level of pressure on the nonferrous above, and it is expected to run 2170~2195 US dollars / ton
within the day.

Lun aluminum

In terms of news, 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, at the same time, the European Union and other regions have also introduced corresponding tariff measures for the United States, the market is extremely worried about trade issues, and non-ferrous metals are under pressure
.

Recently, Lun aluminum inventory has continued to decline, coupled with overseas aluminum supply and demand is better than domestic
.
In the short term, Lun aluminum drives the rebound of aluminum prices, pays attention to the change of Lun aluminum inventory, and the phased decline in aluminum prices ends, and it is expected that Shanghai aluminum will turn into a low shock trend
.

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