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    Home > Chemicals Industry > New Chemical Materials > March 7 Lun aluminum morning review

    March 7 Lun aluminum morning review

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    Overnight Lun aluminum opened at 2150 US dollars / ton, the beginning of the session slightly leaked low touched 2142.
    5 US dollars / ton, and then by the 5-day moving average support to stop the decline, in the afternoon by the domestic Minister Ningji Zhe speech boosted, sharply pulled up to touch 2157 US dollars / ton, but due to the news positive price of the limited substantive effect, coupled with the upper 10-day moving average resistance is strong, so aluminum prices quickly fall, into the European trading session, Lun aluminum shock upward, but still obviously blocked in the 10-day moving average, after the rise setback, attracted the gathering of bearish sentiment, Lun aluminum reversed the downside, recording a low of $2138/ton, closing at $2141/ton
    .

    Lun aluminum

    In terms of the market, on the day, the spot price of London aluminum was 2135 US dollars / ton, which was 15 US dollars / ton higher than the March contract; The actual ratio of Shanghai aluminum spot to London aluminum spot was 6.
    59 (import ratio was 7.
    85), and the import loss was 2685 yuan / ton; The actual ratio of Shanghai aluminum 3 contract to Lun aluminum March contract was 6.
    76 (import ratio was 7.
    85), and the import loss was 2346 yuan / ton
    .

    At present, Lun Aluminum maintains a narrow range fluctuation pattern
    .
    There is still resistance
    at $2150.
    The general direction of the current market has not yet come out, and LME stocks and domestic aluminum ingot stocks have both risen, putting pressure
    on the plate.
    In the absence of further progress on the news, the future performance of the fundamentals of London aluminum will greatly affect the trend of the plate, and pay attention to whether demand will improve after the deepening in March
    .

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