echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > March 6 Lun aluminum afternoon commentary

    March 6 Lun aluminum afternoon commentary

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Thursday, London aluminum opened at $1726 / ton
    in the morning.
    During the Asian session, Lun aluminum opened to the bottom, touching $1722.
    5 / ton in the low digits, but still above the 5/20 daily moving average
    .
    Subsequently, Lun aluminum repaired its intraday decline, and the trend turned stronger in the afternoon, and as of 15:00, Lun aluminum was reported at 1727 US dollars / ton
    .
    At the beginning of the European to North American trading session, Lun Aluminum moved steadily, but quickly leaked at the end of the session, closing at 1717.
    5 US dollars / ton, down 6 US dollars / ton, or 0.
    35%, and the position increased by 2625 lots to 744,000 lots, mainly
    long positions.
    It is expected to run at $1700-1730/mt
    today.

    Lun aluminum

    In the face of the rapid spread of the epidemic, the recent ups and downs of the US stock market, the rise of market risk aversion, overnight Lun aluminum fell at the end of the day, the latest closing quotation of 1778 US dollars / ton, down 6 US dollars, down 0.
    35%, the trading volume of 8797 lots decreased by 1823 lots, and the position 744094 increased by 2625 lots
    .

    In terms of inventory, the London Metal Exchange (LME) reported 1040775 metric tons of London aluminum on March 5, down 9,975 metric tons, or 0.
    95%, from the previous trading day, and fell 16.
    05%
    in the last 17 trading days.

    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.