August 16 Lun aluminum morning review

The greenback slowed more than expected against a basket of major currencies amid traders increasing safe-haven positions in the U.
S.
dollar amid concerns about the impact of the recent collapse in the Turkish lira, highlighting weak domestic demand and dampened
business confidence against the backdrop of slowing trade activity with the United States.
In addition, yesterday China announced its primary aluminum production in July, and the data showed that China's primary aluminum production increased by 12% year-on-year, equaling the monthly record
.
China's two rounds of tariffs on imports from the United States have little impact on China's aluminum market
.
The three-month LME aluminum CMAL3 closed down 0.
6 percent at $
2,070 a tonne.

After entering the night session, the dollar rose wildly to a high of 96.
9, non-ferrous metals almost completely fell, Lun aluminum affected by this short influx, the price continued to fall in a wave, directly touched the lowest price of the day 2007 US dollars / ton, reaching the lowest level in three weeks, but of which Lun aluminum fell the smallest
.
Subsequently, the US dollar softened at a high level, and the center of gravity of Lun Aluminum touched a low rebound and was raised, sorting out the price at 2027 US dollars / ton, and sinking slightly at the end of the session, closing at 2022 US dollars / ton
.
Today's non-ferrous metals market is generally pessimistic, and it is expected that the operating range of London aluminum is 2000-2040 US dollars / ton
.