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May 30 Lun aluminum morning review

 Last Update: 2022-12-10
 Source: Internet
 Author: User

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china rose

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Overnight Lun aluminum opened at 2263 US dollars / ton, Asian session, Lun aluminum followed the domestic to maintain a narrow range, the high touched 2276 US dollars / ton, after entering the European session, the US index rose sharply, Lun aluminum was suppressed to a certain extent fell below the 40-day moving average, the low recorded 2247.
5 US dollars / ton, and then Lun aluminum around 2260 US dollars / ton oscillation, overnight, the United States suddenly announced a 25% tariff on China's $50 billion goods, Lun aluminum rose to close at 2269 US dollars / ton
.
The trading volume decreased by 3087 lots to 8379 lots, and the position increased by 24 lots to 723814 lots
.
The shock pattern of Lun aluminum has not been broken, and it is expected to run 2250~2280 US dollars / ton
in the day.

Lun aluminum

In terms of news, according to the assessment of Russian energy giant En+ Group, Rusal may cut aluminum production significantly this year due to US sanctions, which may be reduced by 30% under the baseline scenario and 50% to 70%
in the negative scenario.
The decline in aluminum production has supported aluminum prices, but concerns about the recent weakening of alumina prices are negative for aluminum prices, and short-term aluminum prices are expected to fluctuate
.

Lun aluminum night trading shows a slight upside, basically maintain sideways operation, the current fundamentals remain stable, but the impulse momentum is still weak, the technical moving average trend is more staggered, it is expected that today's Lun aluminum continue to fluctuate, waiting for news guidance
.

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