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    Home > Chemicals Industry > New Chemical Materials > May 5 Lun aluminum morning review

    May 5 Lun aluminum morning review

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Overnight Lun aluminum opened at 1919.
    5 US dollars / ton, before the afternoon of the Asian market Lun aluminum above the pressure 5-day moving average, around the daily average narrow range oscillation, the afternoon by the domestic market drag, Lun aluminum volume fell below the 60-day line support, into the European trading session, aluminum price inertia down to 1906 US dollars / ton, low short cover, Lun aluminum rebound touched 1920 US dollars / ton, but affected by the collective decline of the environment, Lun aluminum again down 1900 US dollars / ton, Lun aluminum held the 1900 US dollars / ton mark, Repairing some of the losses closed at $1917/mt
    .
    The volume decreased by 1301 lots to 13992 lots, and the open position decreased by 2877 lots to 686864 lots
    .

    Lun aluminum

    On the macro front, US durable goods orders in March ended at 0.
    9% month-on-month, 0.
    7% expected, and 0.
    7%
    in the preliminary value.
    In the United States, excluding durable goods orders for transportation, the final value in March was 0.
    0% month-on-month, and the preliminary value was -0.
    2%.

    The U.
    S.
    March deduction of aircraft non-defense capital durable goods orders was 0.
    5% month-on-month and 0.
    2%
    preliminary value.
    The number of initial jobless claims in the United States for the week of April 29 was 238,000, compared with 248,000 expected and 257,000
    in the previous month.
    The number of renewed jobless claims in the United States for the week of April 22 was 1.
    964 million, compared with 1.
    99 million expected, and the previous value of 1.
    988 million was revised to 1.
    987 million
    .
    Eurozone services PMI final value for April was 56.
    4, the highest since April 2011, 56.
    2 expected, 56.
    2 preliminary reading, and 56.
    0
    final value in March.
    The final Eurozone composite PMI for April was 56.
    8, also the highest since April 2011, with expectations of 56.
    7, preliminary reading of 56.
    7, and the final value of March of 56.
    4
    .

    In terms of news, according to foreign media reports, American aluminum industry personnel issued an open letter to British Prime Minister Theresa May on Wednesday, urging the European aluminum industry to jointly oppose China's subsidy
    of the domestic aluminum industry.
    On behalf of the aluminium industry, the group asked the British prime minister to "actively consult with the WTO on this issue and ask the WTO to take action.
    "
    The British Prime Minister's Office declined to comment
    .

    At present, Hulun aluminum in non-ferrous metals has significantly resisted the decline and continues to maintain a narrow consolidation
    .
    Today's aluminum price is not much changed, just for reference
    .

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