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Overnight Lun aluminum opened at 1717.
5 US dollars / ton in the morning, Asian trading session is almost sideways, the fluctuation price difference is within 2 US dollars / ton, after entering the European trading session, Lun aluminum began to climb up, all the way to 1723.
5 US dollars / ton near the intraday high, and then due to a wave of bears entering the market to suppress prices, Lun aluminum high fell back, heavy fell to around 1716 US dollars / ton, because the US index maintained a relatively low level at night, Lun aluminum long-term hovering at a low level, evening Lun aluminum began a wave of upward testing, Along the 5-day moving average, it climbed all the way to 1733.
5 US dollars / ton, due to the greater pressure above, the end of the day slightly softened, and finally closed at 1726.
5 US dollars / ton
.
Concerns about the demand outlook lingered, but the recent decline in Lun aluminum inventories continued to support prices, and Lun aluminum rebounded overnight, with the latest closing quotation of 1727 US dollars / ton, up 8 US dollars, or 0.
44%, the volume of 7809 lots decreased by 141 lots, and the position 745561 increased by 1728 lots
.
In terms of inventory, the London Metal Exchange (LME) reported its latest inventory of 970425 metric tons on October 23, down 2,050 metric tons, or 0.
21%, from the previous trading day, and a cumulative decline of 1.
57%
in the last six trading days.
