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November 1 Lun aluminum afternoon review

 Last Update: 2022-12-17
 Source: Internet
 Author: User

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Overnight Lun aluminum opened at 1753 US dollars / ton, the Asian market trend is volatile, running above the 20-day moving average, to the European trading session, Lun aluminum fell sharply, once down to 1739 US dollars after the rebound, but soon fell back to a lower level, the lowest to 1733 US dollars, to the North American trading session, long and short forces reversed, Lun aluminum into a strong rebound, a long white line rushed to 1757 US dollars, and then continued to rise slightly to close at 1759 US dollars
.
Today's operating range is expected to be between
$1730-1770/mt.

Lun aluminum

The US non-farm payrolls report is about to be released, the market assesses the impact of weak economic data, the dollar index continues to fall to boost aluminum prices, overnight London aluminum is thriving, the latest closing quotation of 1759 US dollars / ton, up 8 US dollars, or 0.
46%, the volume of 12689 lots increased by 2223 lots, and the position 782211 increased by 4049 lots
.

The London Metal Exchange (LME) reported the latest inventory of London aluminum on October 31 at 959,050 metric tons, down 2,325 metric tons, or 0.
24%, from the previous trading day, and the cumulative decline of 2.
72%
in the last 12 trading days.

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