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Overnight, Lun aluminum opened at 2311 US dollars / ton, and after entering the Asian session, Lun aluminum continued to maintain a narrow range of oscillation
.
In the afternoon, with the sharp rise of domestic Shanghai aluminum, Lun aluminum sought a breakthrough, touching a high of $2345 / ton
.
After entering the European session, Lun aluminum gave up shocks, overnight, Lun aluminum volatility intensified, after touching 2307 US dollars / ton at a low level, due to the gradual rise of Shanghai aluminum, it encountered strong sniping from bulls, touched 2344 US dollars / ton at a high level, and closed at 2331 US dollars / ton
at the end of the session.
Lun aluminum to run above all moving averages, today or will try to break through the forward platform of 2355 US dollars / ton, the intraday operating range of Lun aluminum is 2320 ~ 2360 US dollars / ton
.
On the news, Germany's benchmark 10-year bond yield rose 9.
6 basis points to 0.
465%.
Eurozone money market pricing suggests that the probability of the ECB raising interest rates in June 2019 rose to 70%, up from 50%
earlier this week.
After the comments of ECB officials, money markets are almost entirely betting on a rate hike by the ECB by July 2019
.
The seasonal demand season continues to destock, but the absolute level of inventory is high and weakens the destocking effect, aluminum prices fluctuate in a narrow range, recently driven by the strong influence of other metals, aluminum prices rose slightly, in addition, the United States relaxed sanctions on Russian aluminum and market rumors that Hydro resumed production ahead of schedule, resulting in overseas alumina prices falling sharply, domestic alumina export window closed, there is a risk of price reduction, thereby weakening the cost support of electrolytic aluminum, aluminum prices above the pressure is greater
.
