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October 20 Lun aluminum noon review

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

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metal

crude oil market

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Lun aluminum afternoon commentary: oil prices rebounded, overnight Lun aluminum closed up 0.
46%; Domestic aluminum fundamentals are healthy, spot transactions are good, downstream replenishment pushes up premiums to support aluminum prices and short-term costs are difficult to fall, and aluminum is expected to rise
.

Lun aluminum

Oil prices rebounded, supply tightened to offset uncertainties and the negative impact of the release of crude oil by the United States, so oil prices fluctuated higher to boost the commodity market, overnight Lun aluminum intraday fluctuations, sideways strong finishing close Xiaoyang, the latest closing quotation of 2190 US dollars / ton, closed up 10 US dollars, up 0.
46%, the volume of 12412 hands decreased by 3045 lots, and the position volume 570134 decreased by 13035 lots
.
In the evening, Shanghai aluminum fluctuated strongly, and the latest opening price of the main monthly 2211 contract was 18360 yuan / ton, up 75 yuan, or 0.
41%.

The London Metal Exchange (LME) reported its latest inventory of 562,550 metric tons on October 19, an increase of 81,175 metric tons, or 16.
86%, from the previous trading day, which has soared for six consecutive days to hit the largest increase since February, but inventory levels are still low
.

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