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    Home > Chemicals Industry > New Chemical Materials > October 11 Lun aluminum morning review

    October 11 Lun aluminum morning review

    • Last Update: 2022-12-07
    • Source: Internet
    • Author: User
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    Overnight Lun aluminum opened at 2172 US dollars / ton, after the opening of Lun aluminum followed the domestic market downward, the low touched 2156.
    5 US dollars / ton, lost the domestic guidance at noon, Lun aluminum once rebounded to 2170 US dollars / ton, but with the afternoon domestic market open, Lun aluminum fell back around the 5-day line / daily moving average shock finishing, into the European trading session Lun aluminum continued the shock trend, but the amplitude intensified, the high rebounded to 2171 US dollars / ton, the low touched 2148 US dollars / ton, the evening domestic session began, the amplitude of Lun aluminum gradually narrowed, However, the center of gravity still revolves around the 5-day moving average and closes at $2162.
    5/mt, and bears try to increase their positions
    .

    Lun aluminum

    In terms of the market, on the day, the spot price of London aluminum was 2135 US dollars / ton, which was 23.
    75 US dollars / ton higher than the March contract; The actual ratio of Shanghai aluminum spot to London aluminum spot was 7.
    52 (import ratio was 8.
    21), and the import loss was 1279 yuan / ton; The actual ratio of the Shanghai aluminum 3 contract to the London aluminum March contract was 7.
    66 (the import ratio was 8.
    2), and the import loss was 1163 yuan / ton
    .

    In terms of news, the disagreement between Trump and lawmakers has clouded the prospects of tax reform, and the US dollar has fallen one after another; Geopolitical tensions between Spain and North Korea boosted risk aversion, and aluminum fluctuated broadly overnight, eventually falling $8.
    5/mt, or 0.
    39%, to $2162.
    5/mt
    .
    Shanghai aluminum overnight trading low volatility, expected, today's aluminum prices are expected to fall
    slightly.

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