August 4 Lun aluminum afternoon review

On Monday night, the external non-ferrous metal rebounded strongly, Lun aluminum futures closed at 1744.
5 US dollars / ton, down 2.
02%, domestic nonferrous futures rose overnight, Shanghai aluminum futures 2009 contract was reported at 14815 yuan / ton, up 1.
51%.

The US July ISM manufacturing PMI performance exceeded expectations, the market risk aversion has cooled, overnight Lun aluminum rose sharply, the latest closing quotation of 1745 US dollars / ton, up 35 US dollars, or 2.
02%, the volume of 23251 hands increased 6302 lots, and the position 790056 increased by 3235 lots
.

In terms of inventories, the London Metal Exchange (LME) reported 1632175 metric tons of London aluminum on August 3, down 5,250 metric tons, or 0.
32%,
from the previous trading day.

At the beginning of August, the market risk appetite advantage rebounded, and the manufacturing data of various countries performed well.
The U.
S.
House of Representatives passed a $1.
3 trillion fiscal stimulus package, although the Trump administration has more controversy over some of these requirements, but the world's major economies further clarify the trend of increasing economic policy stimulus unchanged, it is expected that the effect of monetary and fiscal tools in various countries will form a support for the real economy and commodity demand, short-term attention to whether the rise in market inflation can continue, which will determine whether there is further upward space for commodity asset prices, and the short-term domestic colored high volatility is strong
.