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    Home > Chemicals Industry > New Chemical Materials > May 16 Lun aluminum morning review

    May 16 Lun aluminum morning review

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    Overnight Lun aluminum opened at 2316 US dollars / ton, the Asian session Lun aluminum trend is extremely light, narrow running at 2309-2320 US dollars / ton, into the European trading session Lun aluminum inertia leakage, the low touch 2274 US dollars / ton, then the following moving average support appeared, Lun aluminum turned down to rise, turned red to close at 2322 US dollars / ton, Positions increased by 1963 lots to 745,000 lots, short-term overseas fundamentals marginally loose, the US dollar high volatility, is expected to maintain a weak shock market, is expected to run at 2290~2340 US dollars / ton
    today.

    Lun aluminum

    15th night, the US dollar index rose rapidly, once updated a new high in the year, LME metal overall pressure, internal nonferrous also followed the close, but showed resilience, from the current stage, the external environment of commodities continues to change, political games, economic confrontation, geopolitical situation and other events The continuous reversal of events, promoting nonferrous related varieties up and down, while it should be noted that the recent domestic commodity market has successively appeared due to the lack of deliverable quantities caused by soft forced positions, such themes also attract funds to fuel the waves, The short-term change in market sentiment amplifies the fluctuation, and the judgment of non-ferrous metals as a whole maintains the recovery of volatility in the second quarter, and short-term participation in bargain building can pay attention to the impact
    of policies and funds.

    Due to the decline in inventory, Lun aluminum continued to rise slightly overnight, downstream destocking continued, the support for aluminum prices was better, and the center of gravity of aluminum prices was maintained as a whole, and it is expected that today's overall center of gravity will remain
    upward.

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