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March 19 Lun aluminum morning review

 Last Update: 2022-12-09
 Source: Internet
 Author: User

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On Friday, Lun aluminum opened at 2081 US dollars / ton, the center of gravity of London aluminum in the Asian session moved slightly up, touching 2093 US dollars / ton, entering the European trading session Lun aluminum inertia first suppressed and then rose, the low touched 2076.
5 US dollars / ton, and then rose back to 2091 US dollars / ton was blocked again, fell back to 2084 US dollars / ton A line of shock, closing at 2083 US dollars / ton
.
The trading volume decreased by 4823 lots to 9303 lots, and the position increased by 23 lots to 683146 lots
.
The center of gravity of Lun aluminum has slowly moved down, and it has lost the 2100 US dollars / ton mark, but this threshold has become a resistance level, and it is expected to run 2075 ~ 2095 US dollars / ton
in the day.

Lun aluminum

In terms of news, the recent trade friction between China and the United States on aluminum products has become increasingly fierce, following the imposition of 10% trade tariffs, the United States has begun to issue a double anti-tax on China's aluminum foil, causing market concerns
.

The trend of the London aluminum overnight session is mainly
in a narrow range.
The strength of the US dollar, coupled with the political and economic uncertainty in the United States, affected the market's trading confidence, and faced greater resistance at $2100
.
In the short term, it will be difficult to break through the resistance of Lun Aluminum at $2100, because the fundamental performance at home and abroad has not been favorable
.

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