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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.
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.