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April 19 Lun aluminum morning review

 Last Update: 2022-12-10
 Source: Internet
 Author: User

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Yesterday, Lun aluminum opened at 2408.
5 US dollars / ton in the morning, the beginning of the session Lun aluminum fluctuated violently, the low touched 2389.
5 US dollars / ton, and then the amplitude converged, the trend was weak, most of the base metals rose in the afternoon, Lun aluminum entered the upward rhythm, and maintained until the European trading session, the high touched 2559 US dollars / ton, refreshing the new high since August 2011, closing at 2548 US dollars / ton, Positions increased by 1083 lots to 716,000 lots, bulls increased positions, the impact of the Rusal incident should not be underestimated, and there is a high probability of the possibility of reducing production, there is still considerable upside above Lun Aluminum, and it is expected to continue to run strongly at 2540~2600 US dollars / ton
today.

Lun aluminum

Global miner Rio Tinto said that after Rusal encountered sanctions, it may adjust the company's aluminum production in 2018, and global primary aluminum supply shortage concerns continue; Goldman Sachs predicts that aluminum prices will continue to be high, and aluminum prices may soar to $3,000 / ton
.
The World Trade Organization recently issued an article saying that the United States is willing to poke at China on the tariff issue, ease market risk aversion, and support metal prices, spot aluminum or sharply higher
today.

Lun aluminum night performance continued to rise, the night close exceeded $2,500, hitting a seven-year high, because Rusal sanctions once again triggered supply concerns, the external trend is still strong, it is expected that today's Lun aluminum rush high momentum is still sufficient
.

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