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Market fundamentals to give price support weakened expected to fall today now aluminum
Overseas high interest rate environment to suppress the metal rally, market risk appetite for short-term uncertainties more, overnight LUN aluminum shock softened to close in the negative, the latest closing offer of $ 2240 / ton, closing down $ 28, down 1.21%, the volume of 17785 hands reduced 4588 hands, position 635739 hands increased by 8724 hands. Evening Shanghai aluminum weak operation, the main month 2307 contract latest closing price 18140 yuan / ton, down 135 yuan, or 0.74%.
London Metal Exchange (LME) on June 3, the latest inventory of LUN aluminum reported 585,050 metric tons, an increase of 6,025 metric tons, or 1.04%, compared with the previous trading day.
Spot aluminum prices on June 5, Yangtze River integrated spot AOO aluminum ingot price reported 18,405 yuan / ton, down 165 yuan / ton; Chalco East China AOO aluminum ingot price reported 18,410 yuan / ton, down 160 yuan / ton. Domestic economic recovery slowed down resulting in consumption prospects decline, real estate market weakness, deepen the aversion to consumption, in addition, the supply side of the pressure to increase production and aluminum ingot to warehouse amplitude began to slow down, so that the aluminum market fundamentals to give price support weakened, overlapping with the spot trading performance is flat, lack of upward action, expected to fall in today's spot aluminum.
London Metal Exchange (LME) on June 3, the latest inventory of LUN aluminum reported 585,050 metric tons, an increase of 6,025 metric tons, or 1.04%, compared with the previous trading day.
Spot aluminum prices on June 5, Yangtze River integrated spot AOO aluminum ingot price reported 18,405 yuan / ton, down 165 yuan / ton; Chalco East China AOO aluminum ingot price reported 18,410 yuan / ton, down 160 yuan / ton. Domestic economic recovery slowed down resulting in consumption prospects decline, real estate market weakness, deepen the aversion to consumption, in addition, the supply side of the pressure to increase production and aluminum ingot to warehouse amplitude began to slow down, so that the aluminum market fundamentals to give price support weakened, overlapping with the spot trading performance is flat, lack of upward action, expected to fall in today's spot aluminum.
