echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > March 13 Lun aluminum morning review

    March 13 Lun aluminum morning review

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Overnight Lun aluminum opened at 2121 US dollars / ton, Asian session Lun aluminum by the domestic market drag performance is weak, midday rebound but under pressure at the daily average of 2113 US dollars / ton line, afternoon low touched 2106 US dollars / ton, into the European trading session, out of the protection constraints, Lun aluminum tried to repair the decline, returned to the 5-day moving average, back to 2119 US dollars / ton, but in the evening Shanghai aluminum open, Lun aluminum performance is weak, the high quickly fell to test the low of 2091 US dollars / ton, closed at a low of 2093 US dollars / ton
    。 The trading volume increased by 1211 lots to 13294 lots, and the position increased by 317 lots to 680793 lots
    .
    Subject to the weakness of Shanghai aluminum, Lun aluminum test whether it can hold the 2100 US dollars / ton mark, and run 2085 ~ 2110 US dollars / ton
    in the day.

    Lun aluminum

    In terms of news, Chinalco said that the company is basically not involved in the export of electrolytic aluminum and aluminum processing materials, and the United States intends to tax the import of iron and aluminum products, which has no direct impact
    on the company.
    The policy of imposing tariffs on rebar and aluminum products in the United States has gradually advanced, many countries have stepped up consultations with the United States, market sentiment has put pressure on aluminum prices, non-ferrous metals have fallen across the board overnight, and aluminum prices have reached a new low
    .

    Lun aluminum has significant support at $2100, and the overnight range is volatile, but the upward strength above is relatively lacking
    .
    The United States has loosened tariffs on electrolytic aluminum, which continues to provide support
    for Lun aluminum.
    The United States exempted more countries from steel and aluminum tariffs on Friday, easing the pessimism of the market slightly
    .
    However, Lun Aluminum is dragged down by domestic Shanghai aluminum, and it is expected that the short-term upper space is still limited, and the short-term or in the range of 2080-2130 US dollars
    .

    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.