echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Overnight, the bulk encountered a short counterattack, and aluminum prices leaked sharply

    Overnight, the bulk encountered a short counterattack, and aluminum prices leaked sharply

    • Last Update: 2022-11-29
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Overnight, Lun aluminum opened at 1594 US dollars / ton, and the trend of Lun aluminum Asian market converged with the main force of Shanghai aluminum, first suppressing and then rising
    .
    In the European market, Lun aluminum oscillated in a wide range around the daily moving average; At night, commodities suffered a bearish counterattack, base metals fell across the board, London aluminum leaked, recorded a low of $1556 / ton, and repaired part of the decline at the end of the session, closing at $1566 / ton
    .
    The trading volume increased by 3680 lots to 15724 lots, and the position increased by 869 lots to 790956 lots
    .

    aluminium

    Overnight, the main force of Shanghai aluminum opened at 11535 yuan / ton, commodities suffered a short counterattack, base metals fell across the board, long positions closed to avoid risk, short selling pressure, Shanghai aluminum main force fell sharply, the low touched 11055 yuan / ton, the end of the session profit short closed the market, aluminum prices rebounded to close at 11310 yuan / ton
    .
    The trading volume decreased by 138,000 lots to 186084 lots, and the open position decreased by 3,956 lots to 247472 lots
    .
    The main force of Shanghai aluminum fell below the 5-day moving average and the 10-day moving average, with a long lower shadow, it is expected that the main force of Shanghai aluminum will be technically corrected today, and the daily operation will be 11170~11360 yuan / ton
    .
    Spot discount 60~20 yuan / ton
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.