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    Home > Chemicals Industry > New Chemical Materials > June 4 Lun aluminum morning review

    June 4 Lun aluminum morning review

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    Last Friday Lun aluminum opened at 2300.
    5 US dollars / ton, after entering the Asian session, Lun aluminum first suppressed and then rose, narrow range shock, into the European session, Lun aluminum center of gravity continued to fall, the low touched 2263.
    5 US dollars / ton, overnight Lun aluminum low to get multiple moving average support, Lun aluminum repair decline closed at 2299 US dollars / ton
    .
    The trading volume increased by 1310 lots to 11831 lots, and the open position decreased by 939 lots to 714814 lots
    .
    Lun aluminum recorded a long lower shadow, supported by multiple moving averages below, testing whether 2300 US dollars / ton can stand firm, and it is expected to run 2280 ~ 2315 US dollars / ton
    in the day.

    Lun aluminum

    In terms of news, the number of non-farm payrolls in the United States increased by 223,000 in May, far exceeding expectations of 190,000, rising for 92 consecutive months to create the longest employment expansion cycle in history, boosting investors' bullish enthusiasm; the unemployment rate was 3.
    8%, lower than expectations and the previous value of 3.
    9%, an 18-year low; Wage growth rose steadily, with hourly earnings rising 0.
    3%
    month-on-month.
    The strong performance of the US non-farm payrolls data has boosted investors' bullish enthusiasm, coupled with domestic economic data, which is also good, reducing market risk aversion
    .

    At present, the US steel and aluminum tariff policy has begun to be implemented, which is tantamount to setting obstacles to overseas market circulation, raising the cost of overseas market circulation, and benefiting
    the external aluminum price.
    When domestic consumption is stable and exports are strong, market inventories will continue to degrade in the short term, and domestic aluminum prices
    will continue.
    Operationally, it is recommended to call back the idea of
    buying.

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