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Overnight, Lun aluminum opened at 1953.
5 US dollars / ton, and the Asian trading session fluctuated to climb 1967 US dollars / ton before softening slightly
.
After entering the European trading session, Lun aluminum began to rise from the low of 1954 US dollars / ton, after touching 1974.
5 US dollars / ton, began to fluctuate around 1969 US dollars / ton in a narrow range, the trend was tangled and hovering, the amplitude did not exceed 10 US dollars / ton, because the US dollar index fell below 96 yesterday's high, superimposed on the macro trading atmosphere with the end of the US mid-term elections have improved, Lun aluminum began to gather momentum, at the end of the day touched the highest price of 1993.
5 US dollars / ton, and finally closed at 1985.
5 US dollars / ton , the overall trend is slightly warmer than yesterday, but because the upper 20-day moving average pressure level still exists, it is expected that today's operating range is 1960~1990 US dollars / ton
.
Sino-US trade relations are still relatively uncertain, market sentiment will tend to be rational, there is no hot spot on the supply side, and although terminal demand has improved, it is difficult to compete with the downward pressure
of the domestic economy.
The spot turned to a flat water state, and the driving effect on the futures price gradually disappeared
.
In terms of inventory, the London Metal Exchange (LME) reported 1053675 metric tons of London aluminum on November 07, an increase of 3,975 metric tons, or 0.
38%,
over the previous trading day's inventory.
