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    Home > Chemicals Industry > New Chemical Materials > March 8 Lun aluminum morning review

    March 8 Lun aluminum morning review

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    Overnight Lun aluminum opened at 2141 US dollars / ton, Asian market early Lun aluminum slightly touched 5/10 daily moving average touch 2147 US dollars / ton after opening the downward mode, the low once touched 2134 US dollars / ton, into the European trading session, Lun aluminum accelerated downward, in the early stage of 2120 US dollars / ton to try to stop the decline, Lun aluminum rebounded slightly, but it is difficult to change the downtrend, a small rebound but encountered a faster downward leakage, the low fell below 2100 US dollars / ton, the mark, touched 2097 US dollars / ton, closed at 2100 US dollars / ton

    Lun aluminum

    In terms of the market, on the day, the spot price of London aluminum was 2136 US dollars / ton, which was 18.
    00 US dollars / ton discount from the March contract; The actual ratio of Shanghai aluminum spot to London aluminum spot was 6.
    63 (import ratio was 7.
    83), and the import loss was 2547 yuan / ton; The actual ratio of the Shanghai aluminum contract to the London aluminum contract in March was 6.
    71 (the import ratio was 7.
    83), and the import loss was 2401 yuan / ton
    .

    Lun aluminum shows a dilemma
    .
    The overnight session showed momentum after weakening before, but was weaker when it touched around $2140
    .
    At present, the Lun aluminum market is in a dilemma, the news has failed to give guidance, Trump's trade war with China's aluminum industry is about to launch, the short term may have a certain positive effect on the international aluminum market, but LME inventories are also slowly recovering
    .
    It is expected that short-term aluminum aluminum will continue to consolidate in the $2100-2150 range
    .

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