[SMM Aluminium Morning News] Lun Aluminium broke the new low aluminum narrow amplitude concussion again.

Published: Apr 1, 2020 09:53

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Lun aluminum breaks the new low again Shanghai aluminum narrow amplitude concussion

SMM, April 1-

The 2005 contract of the Shanghai Aluminum Company was opened at 11550 yuan per ton on Tuesday. After the opening of the day to maintain a narrow range of concussion operation, closed at 11570 yuan / ton. Shanghai aluminum long short mood is hesitant, it is expected that the Shanghai aluminum main shock run at 11400-11700 yuan / ton, spot to post 100 to 70 yuan / ton that month.

On Tuesday, Lun aluminum opened at $1529 / ton in the morning. After a short period of cross trading in the Asian session, it swung downwards in the European session, refreshing its low to $1507 / ton. Entering the North American trading session, the market rose first and then suppressed, trying to recover the intraday decline and then falling rapidly, closing at $1525.5 / ton, down $3.50 / ton, or 0.23%. Intra-day shocks are expected to run at $1500-1570 per tonne.

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