echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > February 26 Lun aluminum morning review

    February 26 Lun aluminum morning review

    • Last Update: 2022-12-08
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Last Friday morning Lun aluminum opened at 2184.
    5 US dollars / ton, Asian session London aluminum around the daily moving average oscillation, up test 20/5 daily moving average resistance, the high slightly touched 2196 US dollars / ton, into the European trading session, Lun aluminum into a downward rhythm, LME aluminum inventory continued to increase 16650 tons to 1330875 tons to pressure aluminum prices, the low once touched 2141 US dollars / ton at the end of the night, and fell below the 60-day line support again, closing at 2147.
    5 US dollars / ton, Shanghai London ratio repaired to above 6.
    7, in the previous low ratio stimulated by China's aluminum exports continued to improve, Lun aluminum to a certain extent weaker than Shanghai aluminum, short-term anti-hedging position holding, it is expected that today Lun aluminum try to return to above the 60-day line, the operating range of 2130 ~ 2160 US dollars / ton
    .

    Lun aluminum

    In terms of the market, on the day, the spot price of London aluminum was 2210 US dollars / ton, a premium of 29.
    00 US dollars / ton compared with the March contract; The actual ratio of Shanghai aluminum spot to London aluminum spot was 6.
    28 (import ratio was 7.
    83), and the import loss was 3445 yuan / ton; The actual ratio of the Shanghai aluminum 3 contract to the London aluminum contract in March was 6.
    63 (the import ratio was 7.
    84), and the import loss was 2640 yuan / ton
    .

    London aluminum was mainly volatile and tumbling on Friday, but there was support
    around $2150.
    At present, the good news of Lun Aluminum appears to be relatively limited, and there is no significant sign of recovery in foreign aluminum demand in the first quarter, and it is expected that the trend of Lun Aluminum will be difficult to improve in the short term
    .

    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.