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    Home > Chemicals Industry > New Chemical Materials > May 26 Lun aluminum morning review

    May 26 Lun aluminum morning review

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Overnight Lun aluminum opened at 1949 US dollars / ton, early Lun aluminum followed Shanghai aluminum slightly lower to 1941 US dollars / ton, and then the trading center of gravity steadily moved up, the afternoon back to 1949 US dollars / ton line after continuing to rise, into the European trading session, as Saudi ministers dovish remarks pressure crude oil diving, base metals setback, London aluminum fell back to 1946 US dollars / ton line, market sentiment gradually recovered, Lun aluminum center of gravity upward, high recorded 1962.
    5 US dollars / ton, OPEC resolution to extend production cuts for 9 months, Crude oil is good, Lun aluminum quickly stepped back to 1945 US dollars / ton line, after Lun aluminum fundamentals finally prevailed, the end of the day again higher to close at 1960 US dollars / ton
    .
    The trading volume increased by 623 lots to 12220 lots, and the position increased by 4128 lots to 682368 lots
    .

    Lun aluminum

    In terms of the market, on the day, the spot price of Lun aluminum was 1936 US dollars / ton, which was 1.
    75 US dollars / ton higher than the March contract; Lun aluminum inventory was 1.
    4706 million tons, down 9,475 tons from the previous day; the aluminum inventory in the previous period was 317,900 tons, down 899 tons from the previous day; measured by the closing price of Shanghai aluminum, the actual ratio of Shanghai aluminum 3 contract to Lun aluminum March contract was 7.
    2 (import ratio was 8.
    56), and the import loss was 2631 yuan / ton (excluding financing income).

    Non-ferrous metals were mixed overnight, with Shanghai aluminum continuing to lead the rise, and the rebound of stocks and bonds led to a recovery in market sentiment
    .
    After the OPEC meeting, crude oil tumbled
    .
    The U.
    S
    .
    trade deficit widened to its second-highest in two years in April, as rising consumer and business demand boosted imports.
    The US dollar remains weak and continues to support non-ferrous prices
    .

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