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March 14 Lun aluminum morning review

 Last Update: 2022-12-09
 Source: Internet
 Author: User

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In the morning, Lun aluminum opened at 2094 US dollars / ton, the domestic aluminum price during the Asian session fell sharply, but Lun aluminum showed good resistance to falls, basically around the daily moving average oscillation, the center of gravity slightly down, into the European trading session, Lun aluminum amplitude intensified, the low touched 2087.
5 US dollars / ton, and then touched 2107 US dollars / ton, but the 5-day moving average resistance has been expressed, Lun aluminum has never been able to break through the point, closed at 2103 US dollars / ton, recovered 2100 US dollars / ton integer mark
.

Lun aluminum

Industry news, Chinalco said that the company basically does not involve 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; Some Japanese aluminum buyers have agreed to pay a premium of $129 a tonne to some global aluminum producers for April-June shipments, reflecting higher spot U.
S.
aluminum prices
.

The overnight trading of London aluminum mainly fluctuated in the range above $2100, but encountered some resistance
.
The United States has relaxed tariff restrictions in many countries, which has formed certain benefits
.
However, the current recovery of demand in the foreign aluminum market is not satisfactory, LME inventories are also continuing to slowly recover, in the short term, affected by Shanghai aluminum, Lun aluminum or will still be consolidated in the range of 2080-2130 US dollars
.

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