echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > March 8 Lun aluminum afternoon review

    March 8 Lun aluminum afternoon review

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Overnight Lun aluminum opened at 1863.
    5 US dollars / ton, after the opening of the center of gravity slowly down, the end of the Asian daytime session fell to a low of 1858 US dollars / ton after bottoming out, back to the main moving average group, but by the US index rush high suppression, after the European day trading session narrow range of shock operation, into the North American session the price began to go all the way down, to the lowest level of the day of 1857 US dollars / ton; Then the plate tried to repair the previous decline, but the upward momentum was insufficient, climbing to the highest level of the day of 1868.
    5 US dollars / ton after a shock correction, and finally closed at 1863 US dollars / ton, up slightly by 0.
    5 US dollars / ton, or 0.
    03%.

    Suppressed by the rise of the US dollar, it is expected that the aluminum will run at 1840~1890 US dollars / ton
    .

    Lun aluminum

    In terms of inventory, the London Metal Exchange (LME) reported 1,229,000 metric tons of London aluminum on March 07, down 5,900 metric tons, or 0.
    48%,
    from the previous trading day.

    On the macro front, the European economy showed weakness, the European Central Bank delayed raising interest rates for at least half a year, reducing this year's GDP growth forecast to a six-year low, announcing the launch of the third round of TLTRO stimulus in September, Draghi said that the euro area economic outlook was downward, the euro fell overnight, the dollar rose, and the metal market was weak.

    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.