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    Home > Chemicals Industry > New Chemical Materials > March 28 Lun aluminum morning review

    March 28 Lun aluminum morning review

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    Overnight Lun aluminum opened at 2049.
    5 US dollars / ton, affected by the easing of the Sino-US trade war, market worries cooled, Asian session, Lun aluminum with the broader market strong rebound, broke through the 5-day moving average, the high touched 2071.
    5 US dollars / ton, after entering the European session, the dollar index all the way up, Lun aluminum was suppressed, the center of gravity downward, the low recorded 2041.
    5 US dollars / ton, closed at a low of 2045 US dollars / ton
    .
    Yesterday, Lun aluminum recorded a long upper shadow, but finally closed at a low level, which means that Lun aluminum counterattack has a greater resistance to recovery, and it is expected to run 2030~2055 US dollars / ton
    in the day.

    Lun aluminum

    The US tariffs on imported aluminum have no substantial impact on the market, and China's aluminum exports also performed strongly in February, and this momentum will continue in the short term, as the internal and external prices are still at a low level
    .
    Domestic consumption is showing a continuous recovery momentum, supply growth is slowing down, and peak season fundamentals are expected to improve, which is conducive
    to the stabilization and rebound of aluminum prices.

    Dragged down by most of the external metal close, the trend of London aluminum has pulled back again, has approached the $2,000 mark to a new low, the current high inventory suppression, coupled with the US dollar index continues to be strong, Lun aluminum short-term is still mainly short, cost support appears, the price of aluminum is limited, it is expected that Lun aluminum short-term narrow fluctuations around $2,000, or there may be a small pullback
    .

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