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Lun Aluminum afternoon commentary: oil prices and stock markets both weakened, and Lun Aluminum fell more than 3% overnight; Domestic supply and production continue to rise, market demand has not fully recovered under the impact of the epidemic, aluminum prices are under pressure before the holiday, and aluminum is expected to fall
today.
Oil prices and stock markets both weakened, overnight Lun aluminum volatility weakened, the latest closing quotation of 2789 US dollars / ton, closed down 91 US dollars, down 3.
16%, the volume of 15028 hands increased by 7798 lots, the position of 584340 hands decreased by 3402 lots
.
In the evening, Shanghai aluminum ran weakly, and the latest closing price of the main monthly 2207 contract was 20335 yuan / ton, down 440 yuan, or 2.
12%.
The London Metal Exchange (LME) reported 458875 metric tons of London aluminum on May 31, down 6,825 metric tons, or 1.
47%,
from the previous trading day.