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October 8 Lun aluminum morning review

 Last Update: 2022-12-13
 Source: Internet
 Author: User

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Last Friday, Lun aluminum opened at 2175 US dollars / ton, and the Asian trading session basically fluctuated in a narrow range around 2172 US dollars / ton, with a range of no more than 10 US dollars / ton; Entering the European trading session, Lun aluminum rose slightly, continuing to hover
around the $2184 / ton line.
After 7 p.
m.
, as Hydro overcame technical problems and was expected to restart 50% of production capacity news continued to ferment, market expectations were more pessimistic, Lun aluminum began to fluctuate down, testing down 2120 US dollars / ton, and then the upward weakness, under pressure The US index continued to decline, touching down 2107 US dollars / ton, and stabilizing the price at the end of the
day.

Lun aluminum

In the early stage, because the official website of Norwegian Hydro announced that 50% of Brazilian alumina production capacity would be closed due to the restrictions of the red mud yard, Lun aluminum rose sharply by 2267 US dollars / ton, but the good times did not last long, and two days later again announced that the technical problems were improved or production capacity was restored, so that Lun aluminum basically gave up all the previous gains, closing at 2105 US dollars / ton on Friday, the position increased by 679 lots to 672,000 lots, and the trading volume decreased by 5457 hands to 17120 lots
.

During the long holiday, due to the good performance of various data in the United States, the US dollar index rose to a high of 96, putting pressure on Lun aluminum, and it is expected that today's Lun aluminum operating range is 2080~2140 US dollars / ton
.

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