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May 5 Lun aluminum afternoon commentary

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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Lun aluminum afternoon commentary: oil prices are higher, and Lun aluminum closed up 1.
95% overnight; The European energy crisis continues, overseas supply continues to be tight, the domestic epidemic tends to stabilize, consumption is expected to pick up after the holiday, and aluminum is expected to rise
today.

Lun aluminum

The European Union formulated a new plan to sanction Russian oil, causing market concerns, pushing oil prices higher, overnight Lun aluminum fluctuated upward, the latest closing quotation of 2985 US dollars / ton, closed up 57 US dollars, or 1.
95%, the volume of 12990 hands decreased by 8312 lots, and the position 604172 increased by 1076 lots
.
On Wednesday (May Day holiday) evening, the Shanghai Futures Exchange does not conduct night trading, and there is no data update
.

The London Metal Exchange (LME) reported 573975 metric tons of London aluminum on May 4, down 3,675 metric tons, or 0.
64%,
from the previous trading day.

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