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    Home > Chemicals Industry > New Chemical Materials > October 8 Lun aluminum afternoon review

    October 8 Lun aluminum afternoon review

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Overnight, Lun aluminum opened at 1726.
    5 US dollars / ton, at the beginning of the session in the Bollinger band oscillation low of 1714 US dollars / ton, then the low rebound all the way up and recorded an intraday high of 1751 US dollars / ton at the end of the European trading session, closed at the middle Yang line, recovered most of the decline since last Thursday, closed at 1751 US dollars / ton, the volume increased by 1668 hands to 10544 lots, the position decreased by 3718 hands to 768,000 hands, and the daily K-line broke through the upper 5/10 daily moving

    Lun aluminum

    Overnight LME metal stocks finally began to decline after several consecutive days of sharp rises, aluminum metal stocks fell 2300 tons to 964225 tons yesterday, but given that the inventory stock is still high, and there is no stimulus news on the supply and demand side, it is expected to maintain a range of below $1800/ton in the short term, and is expected to run between
    $1720-1760/ton today.

    During China's National Day, the US dollar index continued to fall, and the trend of Lun Aluminum was stronger during the week, with the latest closing quotation of 1751 US dollars / ton, up 32 US dollars, or 1.
    86%, the latest trading volume of 10484 lots increased by 1629 lots, and the position volume 406538 decreased by 371867 lots
    .
    There is no evening data
    on the last trading day before National Day.

    In terms of inventory, the London Metal Exchange (LME) reported 964225 metric tons of London aluminum on October 07, down 2,300 metric tons, or 0.
    24%,
    from the previous trading day.

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