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October 18 Lun aluminum afternoon review

 Last Update: 2022-12-26
 Source: Internet
 Author: User

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Lun aluminum afternoon comment: Lun aluminum inventory surge triggered a sell-off, overnight Lun aluminum closed down 2.
03%; Domestic spot circulation is relatively abundant, downstream choose to wait and see the transaction is weak, and overseas order growth is difficult to maintain, it is expected that the spot aluminum will fall
.

Lun aluminum

The surge in aluminum inventory triggered a sell-off, which affected market sentiment and increased supply pressure, while also narrowing the premium of spot aluminum relative to three-month aluminum, overnight Lun aluminum weakness continued, the latest closing quotation of 2244 US dollars / ton, closed down 47 US dollars, down 2.
03%, the volume of 15161 lots increased by 2388 lots, and the position 590444 increased by 3280 lots
.
In the evening, Shanghai aluminum gap opened low, weak operation at night, the latest opening price of the main month 2211 contract was 18300 yuan / ton, down 250 yuan, down 1.
35%.

London Metal Exchange (LME) on October 15, the latest inventory of London aluminum reported 433,025 metric tons, an increase of 65,825 metric tons, or 17.
93%, from the previous trading day, the largest increase since February, but inventory levels are still low
.

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