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February 3 Lun aluminum noon comment

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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International oil prices rose to a more than one-year high to boost the market, overnight Lun aluminum shock closed up $11, Japan's three major port inventories rebounded, domestic inventory accumulation highlights supply pressure, it is expected that aluminum will fall
today.

Lun aluminum

Futures market: Driven by the tightening of global supply and the prospect of economic recovery, international oil prices rose to a more than one-year high to boost the market, overnight Lun aluminum fluctuated strongly, the latest closing quotation of 1971 US dollars / ton, up 11 US dollars, or 0.
54%, the trading volume of 13288 lots decreased by 1085 lots, and the position 734646 increased by 259 lots
.

In terms of inventories, the London Metal Exchange (LME) reported 1421725 metric tons of London aluminum on February 2, down 6,450 metric tons, or 0.
45%,
from the previous trading day.

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