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    Home > Chemicals Industry > New Chemical Materials > October 31 Lun aluminum afternoon review

    October 31 Lun aluminum afternoon review

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    Lun Aluminum afternoon commentary: Strong interest rate hike expectations weighed on metal prices, and Lun Aluminum closed down 1.
    67% the next week; Macro sentiment is pessimistic, domestic supply tends to increase overall, while downstream continues to show a weak and stable consumption situation, and aluminum is expected to fall
    .

    Lun aluminum

    Strong interest rate hike expectations weighed on metal prices, as U.
    S.
    data showed that inflation remained hot, the market focused on this week's Fed decision, and is expected to raise interest rates for the fourth consecutive 75 basis points, the next week London aluminum weak operation, the latest closing quotation of 2234 US dollars / ton, closed down 57 US dollars, down 2.
    49%, the volume of 13090 lots decreased 3072 lots, and the position 574872 increased by 2191 lots
    .
    Shanghai aluminum ran low on Friday night, and the latest opening price of the main monthly 2212 contract was 17970 yuan / ton, down 340 yuan, or 1.
    86%.

    London Metal Exchange (LME) London aluminum latest inventory on October 28 reported 587,425 metric tons, an increase of 325 metric tons, or 0.
    06%,
    from the previous trading day.

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