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    Home > Chemicals Industry > New Chemical Materials > May 14 Lun aluminum morning review

    May 14 Lun aluminum morning review

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    On Friday, Lun aluminum opened at 2323 US dollars / ton, after the opening into a downward rhythm, at the low level of the European market once touched 2263.
    5 US dollars / ton, closed at 2274.
    5 US dollars / ton, the United States postponed sanctions after Rusal and China's aluminum exports continued to maintain a high level, overseas supply tension has eased, Lun aluminum rally converged, macro environment, after this week's dollar rally, profit buying has signs of leaving the market, this week the dollar may be able to give up part of the rise to support Lun Aluminum, It is expected that today's London aluminum operating range is 2260~2300 US dollars / ton, and the overall volatility is still higher than that of Shanghai aluminum
    .

    Lun aluminum

    The recent Rusal incident has calmed down, the market has re-looked for new trading logic, and the focus of the aluminum market has shifted to inflation expectations and supply and demand fundamentals
    in the industry.
    Crude oil has risen sharply in recent days, macro logic is choosing between inflation expectations and interest rate shocks, and short-term market sentiment may be unstable
    .
    From the disk point of view, the trend of London aluminum in the past two days is not good, last week's lower shadow low 2280 support may be broken, if it breaks, the pattern will weaken
    .

    Due to technical corrections, Lun aluminum fell again overnight, downstream destocking continued, good support for aluminum prices, the early increase was obvious, it is expected that Lun aluminum will remain weak and volatile
    today.

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