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Overnight Lun aluminum opened at 2051.
5 US dollars / ton, the Asian session Lun aluminum trend is light, basically around the daily moving average oscillation, into the European trading session, the market news that the United States may relax sanctions against Rusal, Lun aluminum immediately dived, the low once touched 2010 US dollars / ton, the low triggered short profit taking, Lun aluminum rebounded to 2030 US dollars / ton a line of
shock.
On the macro front, the $200 billion commodity tax is pending, but the United States took the initiative to invite China for ministerial-level consultations, which gave the market bullish sentiment
to a certain extent.
The dollar index fell sharply, positive for the color
.
Foreign media reported that the United States invited China to hold trade negotiations again, the market interpreted that Sino-US trade frictions have eased trend, metal general rise, Lun aluminum straight up to touch 2079 US dollars / ton, the high level is subject to the pressure of the resistance of various moving averages, Lun aluminum gave up part of the rise to close at 2057.
5 US dollars / ton, it is expected that Lun aluminum will continue to fluctuate at a low level today, the operating range is 2040 ~ 2070 US dollars / ton
.