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    Home > Chemicals Industry > New Chemical Materials > May 17 Lun aluminum morning review

    May 17 Lun aluminum morning review

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Overnight Lun aluminum opened at 1906 US dollars / ton, the Asian session around the daily average of 1904 US dollars / ton to do a narrow range, the volatility is only 5 US dollars / ton, in the afternoon Lun aluminum under pressure daily moving average downward, fell below 1900 US dollars / ton, touched 1897 US dollars / ton, but soon obtained low support, back up and turned green and red, plus " Trump leaks" The event caused the US index to fall sharply, non-ferrous metals have risen, the center of gravity of London aluminum continues to move up, the high recorded at 1930.
    5 US dollars / ton, up the 40-day moving average, closing at 1929 US dollars / ton
    .
    The trading volume increased by 2496 lots to 14075 lots, and the position decreased by 5410 lots to 659563 lots
    .

    Lun aluminum

    On the news front, U.
    S
    .
    industrial output rose 1% m/m in April, the fastest pace in three years, boosting optimism about manufacturing demand.
    UK: April CPI +0.
    5% m/m vs 0.
    4% expected vs 0.
    4%
    prior.
    April CPI +2.
    7% y/y vs.
    2.
    6% expected vs.
    2.
    3%
    prior.
    Eurozone: Q1 GDP revised +0.
    5% qoq, 0.
    5% expected, 0.
    5%
    preliminary reading.
    Eurozone economic data was in line with expectations, UK economic data exceeded expectations, the euro rose sharply overnight, the pound sterling rose, and the dollar index fell sharply, combined with the impact of the recovery of global economic data, driving the general rise in commodities
    .

    Affected by the recovery of global economic data and the sharp decline in the US dollar, non-ferrous metals continued their rally momentum
    overnight.
    Lun aluminum rushed sharply to close out the middle Yang line, and the small rise of Shanghai aluminum was blocked at the 20-day moving average
    .
    However, in the case of a sluggish trading position, the upper space is limited
    .
    Upper pressure 20-day MA 14080, lower support 60-day MA 13970
    .

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