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Lun aluminum afternoon comment: oil prices continued to decline to hit a new low in May, overnight Lun aluminum closed down 0.
74%; Some domestic aluminum plants have resumed production one after another, the speed of aluminum ingot destocking has slowed down, and there is a backlog of aluminum ingots in the northwest region, and aluminum prices are expected to fall
.
As the number of new cases climbed, global demand weakened, and the Federal Reserve hinted that it would scale back asset purchases, so that oil prices continued to decline and hit a new low in May, overnight Lun aluminum volatility lower, the latest closing quotation of 2544 US dollars / ton, closed down 19 US dollars, down 0.
74%, the volume of 20100 lots increased by 5123 lots, and the position 652724 decreased by 167 lots
.
In the evening, Shanghai aluminum ran at a low level, and the latest closing price of the main monthly 2109 contract was 19875 yuan / ton, down 165 yuan, or 0.
82%.
The London Metal Exchange (LME) reported 1,309,700 metric tons of London aluminum on August 19, down 5,425 metric tons, or 0.
41%,
from the previous trading day.
