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    Home > Chemicals Industry > New Chemical Materials > March 29 Lun aluminum morning review

    March 29 Lun aluminum morning review

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    Overnight Lun aluminum opened at 2046 US dollars / ton, at the beginning of the market Lun aluminum with the broader market down, but then the Asian session with the domestic Shanghai aluminum rebounded, in the afternoon because the domestic Shanghai aluminum continued to fall, Lun aluminum fell to the low level of 2033 US dollars / ton
    .
    After entering the European session, Lun aluminum rebounded slightly to 2045 US dollars / ton and then collapsed, the center of gravity continued to shift, the low recorded 2019 US dollars / ton, and the end of the session repair part of the decline closed at 2032.
    5 US dollars / ton
    .
    Lun aluminum increased its position sharply downward, the weak situation became more serious, Lun aluminum fell from the high, the low pointed to the low of 2,000 US dollars / ton in the middle of December 2017
    .

    Lun aluminum

    Overnight, the final real GDP of the fourth quarter released by the United States was revised up to 2.
    9%, better than expected, and personal consumption expenditures were also better than expected, boosting the US index to extend its rally, gold continued to fall, pressure metals, overnight London aluminum hit a three-month low
    .

    Due to the market's general concern that China's production cuts are less than expected, the trend of London aluminum has pulled back again, has now tested the low level of 2019 US dollars in the past three months, or there is pressure close to the 2,000 US dollar mark, 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 is slightly obvious, the price of aluminum is limited to fall, it is expected that Lun aluminum short-term narrow fluctuations around $2,000, or there is a slight pullback possible
    .

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