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    Home > Chemicals Industry > New Chemical Materials > May 2 Lun aluminum morning review

    May 2 Lun aluminum morning review

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Last Friday Lun aluminum opened at 1928 US dollars / ton, Asian session around the daily average of 1930 US dollars / ton a narrow range sorting, no improvement, in the afternoon Lun aluminum fell, the low touched 1918.
    5 US dollars / ton, but after entering the European trading session quickly recovered, 40-day line support first appeared, Lun aluminum low level recovered, high touched 1938 US dollars / ton, pressure 20-day moving average, and affected by the holiday risk aversion atmosphere, Lun aluminum high fell back to test the low of 1908 US dollars / ton, supported by the 60-day moving average, The late correction of some losses closed at $1918/mt
    .
    The trading volume increased by 476 lots to 16924 lots, and the position increased by 1448 lots to 689257 lots
    .

    Lun aluminum

    In terms of the market, as of April 28, the spot price of London copper was $5,689/ton, a discount of $25/ton over the March contract; London copper stocks were 259,700 tons, down 8,675 tons from the previous week; copper stocks in the previous period were 92,700 tons, down 10,800 tons from the previous week; based on the closing price of Shanghai copper, the actual ratio of Shanghai copper 3 contract to London copper March contract was 8.
    11 (import ratio was 8.
    17), and the import loss was 141 yuan / ton (excluding financing gains); On the same day, the spot price of London aluminum was 1930 US dollars / ton, which was 8.
    5 US dollars / ton higher than the March contract; The inventory of aluminum in London was 1.
    6454 million tons, down 42,500 tons from the previous week; the aluminum inventory in the previous period was 326,600 tons, an increase of 4,055 tons from the previous week; measured by the closing price of Shanghai aluminum, the actual ratio of the Shanghai aluminum 3 contract to the Lun aluminum March contract was 7.
    3 (the import ratio was 8.
    6), and the import loss was 2414 yuan / ton (excluding financing income).

    In terms of news, data from the National Bureau of Statistics showed that China's manufacturing PMI in April was 51.
    2%, down 0.
    6 percentage points from the previous month, continuing to be in the expansion range
    .
    China's economic data is unsatisfactory
    .
    Overnight, the U.
    S.
    government announced it would not shut down, while passing Trump's infrastructure plan
    of about $130 million.

    Commodity markets rose
    sharply across the board overnight.
    Overnight London metal closed, U.
    S.
    commodities traded normally, U.
    S.
    copper rose more than 1%, and London copper opened up 1.
    3%
    today.
    Affected by the normal operation of the US government and the passage of Trump's $130 million infrastructure plan, London aluminum opened higher today and rose
    slightly.
    Lun aluminum stabilized 60-day moving average support, and is still in an upward trend in the medium term,

     

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