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May 30 Lun aluminum noon review

 Last Update: 2022-12-16
 Source: Internet
 Author: User

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Overnight, the morning opening price of Lun aluminum was 1803 US dollars / ton, and the Asian trading session tried to revise upward to 1807 US dollars, and after the internal opening fell with the internal resonance, pulling back to about 1799 US dollars; The European session continued to decline, but buying showed strong underpinning, with the price touching $1,806 before turning sharply to $1,794, and closing at $1,796, up $1 or 0.
08%
from the previous session.
Yesterday's LME explicit inventory decreased by 23550 tons, but the negative pressure of increased alumina supply is still dominant, and it is expected that today's LME aluminum will run between
1750~1850 US dollars.

Lun aluminum

The decline in global stock markets weighed on the sentiment of the metal market, and the latest closing quotation was 1796 US dollars / ton, down 7 US dollars, or 0.
39%, the trading volume of 7604 lots increased by 12 lots, and the position 681798 decreased by 844 lots
.

In terms of inventory, the London Metal Exchange (LME) reported 1177250 metric tons of London aluminum on May 29, down 23,550 metric tons, or 1.
96%, from the previous trading day, and the cumulative decline of 7.
68%
in the last 14 trading days.

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