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    Home > Chemicals Industry > New Chemical Materials > June 5 Lun aluminum morning review

    June 5 Lun aluminum morning review

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    Overnight Lun aluminum opened at 2299 US dollars / ton, after the opening of Lun aluminum performance is weak, slightly down to the low touched 2291 US dollars / ton, below the average to find support, then low narrow range oscillation, the trend is light, into the European trading session, the US index fell, Lun aluminum rose strongly, the high recorded 2343 US dollars / ton, with the US index returning to the 94 mark, Lun aluminum fell to close at 2308.
    5 US dollars / ton, the volume increased by 2312 hands to 14143 hands, the position decreased by 1484 hands to 713330 hands
    。 Inventories fell by 7,225 tonnes to 1199150 tonnes
    .
    Following the longer lower shadow recorded on Friday, yesterday's strong rebound of Lun aluminum recorded a longer upper shadow, which means that the market is seeking a breakthrough, and the overall center of gravity is tending to the upward, and the material Lun aluminum continues to climb, running 2300~2340 US dollars / ton
    during the day.

    Lun aluminum

    On the macro front, the US data is very good, and the recent data released by China is also more optimistic, especially worth paying attention to China's PMI data, while production and orders increase, finished product inventories have fallen sharply, and potential replenishment has become a positive factor
    .
    On the macro front, although China and the United States did not reach a consensus over the weekend, the market concern has slowed down, the political situation in Europe has gradually stabilized, and the relevant countries' opposition to the US tax hike is still worth paying attention to
    .

    Overall, international political risks have eased, and some positive and concrete progress has been made in Sino-US trade consultations, but there are still uncertainties in the political and economic situation, which has weakened the US dollar and supported the metal market; However, the market's concerns about the oversupply of electrolytic aluminum have not subsided, resulting in insufficient upward support for aluminum prices, and it is expected to maintain a volatile trend
    within the day.

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