echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > March 23 Lun aluminum morning review

    March 23 Lun aluminum morning review

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Lun aluminum opened at 2083 US dollars / ton, boosted by the weak US dollar, Lun aluminum rose sharply at the beginning of the session, once broke through the 2100 US dollars / ton integer mark touched 2105.
    5 US dollars / ton, and then narrow range above the daily moving average, the fluctuation range is less than 10 US dollars / ton, and then rise is blocked obviously, into the European trading session, Lun aluminum showed its weakness, coupled with the overall atmosphere of the metal is empty, Lun aluminum all the way down
    .

    Lun aluminum

    Trump announced a tax on $50 billion of Chinese goods due to intellectual property infringement and imposed investment restrictions, exacerbating the seriousness of the trade protectionist war, and the low level of Lun aluminum leakage hit $2,063 / ton, closing at $2,073 / ton
    .
    Trade protectionism bearish commodities, coupled with the weak Lun aluminum itself, will aggravate the decline rate of Lun aluminum, which is expected to run 2050~2090 US dollars / ton
    in the day.

    Due to the fall of the outer metal across the board, the trend of London aluminum is still weak and cautious, coupled with the current weakening of the fundamental situation is not overly optimistic, coupled with the continued strength of the US dollar index, the short-term benefits of London aluminum are quite limited
    .
    However, the medium and long-term optimistic expectations are still there, and the short-term London aluminum will continue to fluctuate
    in a narrow range below $2,100.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.