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September 5 Lun aluminum afternoon review

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

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Overnight, Lun aluminum opened at 2096 US dollars / ton in the morning, and Lun aluminum rose slightly to touch 2105 US dollars / ton during the Asian session, and was suppressed by the strong US dollar at the end of the afternoon, and the base metal opened a downward mode, and Lun aluminum leaked sharply at the evening low to touch 2056 US dollars / ton, closing at 2063 US dollars / ton
.

Lun aluminum

In terms of news, the ISM manufacturing index in the United States exceeded expectations in August, hitting a new high
in more than 14 years.
On the eve of key negotiations, Canada's prime minister reiterated that no adverse agreement would be signed; Emerging market crises such as Turkey, Argentina and Brazil have affected the strengthening of the dollar index, which is not conducive to color
.
On trade, $200 billion in taxes hangs in the balance, affecting market sentiment
.

The main reason for the decline of the metal is the strong dollar, the support of the strong dollar on the one hand comes from the expectation of interest rate hikes and the strong economic data performance of the United States itself, on the other hand, from the currency depreciation of emerging markets, today Lun aluminum is expected to get a technical rebound, the operating range or will be concentrated in 2055 ~ 2080 US dollars / ton
.

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