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May 21 Lun aluminum afternoon commentary

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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Overnight, Lun aluminum opened at 1485.
5 US dollars / ton, the Asian session opened low and high continued to bear pressure on the upper integer mark, the European session around 1490 US dollars / ton a narrow range fluctuations, the US session soared higher, broke through 1500 US dollars / ton after continuing to rise, the end of the close rose at 1515.
0 US dollars / ton, up 1.
78%, the trading volume increased to 14,000 lots, the position decreased to 856,000 lots
.
Rising oil prices and stronger global stock markets drove base metals to the upside at the end of the day, the market's attitude changed rapidly, and the economic recovery expectation was optimistic, and it is expected to operate in the range of 1490-1530 US dollars / ton
today.

Lun aluminum

Encouraged by the gradual reopening of various economies and the overall resumption of work and production in the world, the overnight Lun aluminum shock strengthened, the latest closing quotation of 1515 US dollars / ton, up 26 US dollars, or 1.
78%, the trading volume of 14140 lots increased by 2354 lots, and the position 873293 increased by 15557 lots
.

In terms of inventory, the London Metal Exchange (LME) reported 1466625 metric tons of London aluminum on May 20, an increase of 30,050 metric tons, or 2.
09%,
from the previous trading day.

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