echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > October 20 Lun aluminum morning review

    October 20 Lun aluminum morning review

    • Last Update: 2022-12-07
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Yesterday Lun aluminum opened at 2119.
    5 US dollars / ton, Asian session Lun aluminum followed the domestic market up, afternoon end of the narrow range oscillation between the 5/40 daily moving average, the center of gravity around 2128.
    5 US dollars / ton, into the European trading session Lun aluminum continued to fluctuate the market, the high touched 2132 US dollars / ton, because it is always difficult to form an effective breakthrough for the 5-day moving average, Lun aluminum high fell back below the 40-day line, and then Lun aluminum opened the upward mode, touched 2157 US dollars / ton at night, closed at 2149 US dollars / ton , the overall performance of Lun aluminum is stronger than that of Shanghai aluminum
    .

    Lun aluminum

    In terms of the market, on the day, the spot price of London aluminum was 2129 US dollars / ton, which was 8 US dollars / ton discount to the March contract; The actual ratio of Shanghai aluminum spot to London aluminum spot was 7.
    5 (import ratio was 8.
    19), and the import loss was 1399 yuan / ton; The actual ratio of the Shanghai aluminum contract to the Lun aluminum March contract was 7.
    64 (import ratio was 8.
    18), and the import loss was 1151 yuan / ton
    .

    In terms of news, overnight Lun aluminum rose by $30 / ton to $2149 / ton, recovering yesterday's losses, up 1.
    42%, changing the previous days' sluggish state
    .
    The next Fed chairman or dovish pressure on the rapid decline of the dollar index, which is positive for aluminum prices, and the early implementation of domestic heating season production restrictions constitutes a positive
    .
    It is expected that today's domestic aluminum prices will rise
    significantly.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.