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    Home > Chemicals Industry > New Chemical Materials > July 5 Lun aluminum morning review

    July 5 Lun aluminum morning review

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    Lun aluminum opened at 2090 US dollars / ton, Asian market noon London aluminum touched 2118 US dollars / ton, up to touch the 5-day moving average, but due to the Sino-US trade node July 6 approaching, nonferrous market bearish atmosphere, afternoon Lun aluminum followed the domestic market leakage, into the European trading session, the dollar rushed, Lun aluminum continued to explore the market, the low touched 2084 US dollars / ton, as the dollar rushed back down, the base metal stabilized in stages, Lun aluminum showed a certain degree of resistance, once rebounded to 2108.
    5 US dollars / ton line , but with the new round of copper and zinc decline, the center of gravity of London aluminum moved down again, the low touched 2083 US dollars / ton, and after other metals stopped falling, Lun aluminum rose back to 2103 US dollars / ton
    .

    Lun aluminum

    In terms of news, China's latest targeted RRR reduction was officially implemented on July 5, which is expected to release 700 billion yuan of liquidity
    .
    China's June Caixin services PMI 53.
    9 vs 52.
    7 expected vs 52.
    9
    prior.
    June Caixin composite PMI 53 vs 52.
    3
    prior.
    China and the United States will start imposing tariffs on each other at 0:00 on the 6th, trade disputes continue to intensify, and market sentiment is extremely panicked
    .
    The United States and Europe have huge differences on the issue of automobile tariffs, and the sharp deterioration of US-European relations has also had a great impact
    on the market.
    Non-ferrous metals fell across the board overnight, except for a small drop in aluminum
    .

    In the time stage of the large short non-ferrous metal before the sensitive node of the Sino-US trade war, Lun aluminum showed strong resistance to decline, and is expected to run 2080~2115 US dollars / ton
    within the day.

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