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October 11 Lun aluminum afternoon review

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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Lun aluminum afternoon comment: crude oil went higher, and Lun aluminum closed up 0.
59% the next week; Lun aluminum inventory fell to a new low in 18 months, market supply is still insufficient, downstream power cuts affect the operating rate is not good, supply and demand are weak, and aluminum is expected to rise
today.

Lun aluminum

Tight global energy supply boosted crude oil prices and boosted sentiment in commodity markets; The next week, the trend of Lun aluminum remained stable, the latest closing quotation of 2960 US dollars / ton, closed up 18 US dollars, or 0.
59%, the trading volume of 20918 lots increased by 6028 lots, and the position volume of 660970 hands increased by 2606 lots
.
Shanghai aluminum futures ran strongly on Friday night, and the Shanghai aluminum 2110 contract opened low and then fluctuated to the upside, closing at 23070 at night up 185, or 0.
81%.

London Metal Exchange (LME) on October 8, the latest inventory of London aluminum reported 1,170,800 metric tons, down 17,775 metric tons, or about 1.
5%,
from the previous trading day.

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