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    Home > Chemicals Industry > New Chemical Materials > March 3 Lun aluminum afternoon commentary

    March 3 Lun aluminum afternoon commentary

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Monday, Lun aluminum opened at $1687 / ton
    in the morning.
    During the Asian session, Lun aluminum rebounded
    quickly after opening at 1684 US dollars / ton.
    By noon, Lun aluminum turned red and returned to more than
    $1,700.
    In the afternoon, Lun aluminum continued to maintain a volatile upward trend, breaking through the 5/10 daily moving average barrier one after another, and as of 15:00, Lun aluminum was reported at 1706.
    5 US dollars / ton
    .
    During the European session, the performance of London aluminum first rose and then declined, and it rebounded steadily in the North American trading session, finally closing at 1716.
    5 US dollars / ton, up 15 US dollars / ton, or 0.
    88%.

    Lun aluminum

    The U.
    S.
    index pulled back on Monday, with base metals getting a boost, and aluminum returned to near
    last week's high.
    The fundamentals of London aluminum are weak and difficult to change, and the recent macro factors have a more obvious impact on the plate, and it is expected to run at 1680-1730 US dollars / ton within the day, and it is necessary to continue to pay attention to the development of foreign public health and the trend
    of the US index.

    In terms of inventory, the London Metal Exchange (LME) reported 1071875 metric tons of London aluminum on March 2, down 10,275 metric tons, or 0.
    95%, from the previous trading day, and fell 13.
    54%
    in the last 14 trading days.

     

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