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June 13 Lun aluminum afternoon review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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Lun aluminum afternoon commentary: the US dollar continued to reach a new high, and Lun aluminum closed 2.
81% lower in the next week to hit a new low in nearly 6 months; China's economic growth has declined and demand in the automotive industry has weakened, and aluminum supply and production have continued to grow.

Lun aluminum

The dollar continued to hit a new high, mainly because the market's expectations of the Fed's hawkish aggressive interest rate hike this week heated up, so that the dollar once updated its high, the next week London aluminum weak shock, the latest closing quotation of 2683 US dollars / ton, closed down 77 US dollars, down 2.
81% to a new low in nearly 6 months, the volume of 16015 lots increased by 1405 lots, and the position 579712 increased by 6934 lots
.
Shanghai aluminum ran weakly on Friday night, and the latest closing price of the main monthly 2207 contract was 20370 yuan / ton, down 205 yuan, or 1.
00%.

The London Metal Exchange (LME) reported 427,350 metric tons of London aluminum on June 10, down 2,700 metric tons, or 0.
63%,
from the previous trading day.

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