echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > December 14 Lun aluminum morning review

    December 14 Lun aluminum morning review

    • Last Update: 2022-12-07
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Overnight Lun aluminum opened at 2018 US dollars / ton, Asian session, Lun aluminum narrow range shock, into the European session, Lun aluminum tried to rush up 2023 US dollars / ton after lack of momentum, the high fell, directly tested down 2012 US dollars / ton, Then the market stabilized the mood, Lun aluminum rose slightly to the daily average of 2016 US dollars / ton at a narrow range, in the evening with the opening of the domestic market, Lun aluminum first suppressed and then rose out of the deep V, the low down touched the integer mark of 2000 US dollars / ton, and then recovered to close at 2017.
    5 US dollars / ton, A longer lower shadow was recorded, and the long-short game increased
    significantly.
    Domestic aluminum exports increased, LME aluminum stocks stopped falling and rose, Lun aluminum temporarily lacked bullish support, is expected to continue to fluctuate at a low level today, the operating range is 2000~2025 US dollars / ton
    .

    Lun aluminum

    In terms of the market, on the day, the spot price of London aluminum was 2004 US dollars / ton, which was 21.
    5 US dollars / ton discount from the March contract; The actual ratio of Shanghai aluminum spot to London aluminum spot was 6.
    98 (import ratio was 8.
    23), and the import loss was 2484 yuan / ton; The actual ratio of the Shanghai aluminum 3 contract to the London aluminum contract in March was 7.
    12 (the import ratio was 8.
    22), and the import loss was 2235 yuan / ton
    .

    In terms of news, the recent trend of Lun Aluminum shows that there is a lack of momentum, and the night session is still dominated by narrow
    ranges.
    At present, the news affecting the aluminum market is quite limited, mainly following the trend of fundamentals, and LME inventories are hovering at a low level, but the market has not reacted much
    to this.
    In the short term, under the guidance of domestic Shanghai aluminum, Lun aluminum may still fluctuate in the range of 2000-2030 US dollars
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.