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    Home > Chemicals Industry > New Chemical Materials > November 9 Lun aluminum noon review

    November 9 Lun aluminum noon review

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    Overnight, Lun aluminum opened at 1985 US dollars / ton in the morning, and the Asian high was 1993 US dollars / ton at the beginning of the session, and the Asian trading session basically fluctuated in a narrow range around 1988 US dollars / ton, and the vibration range did not exceed 10 US dollars / ton
    。 After entering the European trading session, Lun aluminum continued the narrow range of the previous dynamic trend, during the short touch of 1989.
    5 US dollars / ton, in the evening Lun aluminum began to change the hovering posture and turn to shock climbing, in the early morning touched the highest point of the day 2002 US dollars / ton, in the evening there was news that the Fed will maintain the pace of interest rate hikes, the US dollar index re-climbed to a high of 96.
    6, pressure on the outer metal, Lun aluminum itself is weak, affected by this high is difficult to support, began to turn around and fall all the way down to the low of 1981 US dollars / ton, Yesterday ended at $1981/mt
    .

    Lun aluminum

    October import and export data exceeded expectations, but the US trade surplus was 31.
    78 billion US dollars, although after the two heads of state call to discuss trade, there is news that the US side is seeking to reach a trade deal with China at the G20 summit at the end of November, but the negotiations are not expected to be optimistic
    .
    The results of the midterm elections in the United States were released, and the Democratic Party controlled the House of Representatives, which may bring certain constraints to Trump's infrastructure and tax cuts, affecting long-term colored demand; At the same time, the speaker of the House of Representatives is strongly anti-China, and the subsequent impact on trade remains to be seen
    .

    Lun aluminum closed down overnight, but once rushed above 2,000 during the period
    .
    However, from the perspective of the aluminum industry chain, there is no obvious bullish drive, although there have been recent aluminum plant production
    cuts.
    From the macro level, the recent negative transmission of macro to micro demand shows signs
    of gradual confirmation.
    However, the easing of the Sino-US trade war sentiment and the short-term recovery of sentiment may have a phased support for industrial prices, but if domestic demand is not good, the general direction is still downward
    .

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