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[SMM Aluminum Morning News] demand recovery is in doubt. Aluminum rebound is limited.
May 6,2020 05:00CST
translation
Source:Www.smm.cn
There are doubts about the recovery of demand. The rebound of aluminum is limited.
The content below was translated by Tencent automatically for reference.

SMM, 6 May:

On Tuesday, Lunlun aluminum opened at $1484.5 / ton, a narrow range of shocks in the Asian session, and fell to a intraday low of $1475 / ton in the European session. The US session stopped falling and rebounded, rising rapidly and turning red. The end of the day closed at $1490.0 / ton, up 0.37%, trading volume to 10000 hands, position volume reduced to 814000 hands. After the closing of Shanghai aluminum on Thursday, Lun aluminum immediately fell below the integer level of $1500 / tonne, aluminum prices first depressed and then rose during the holiday, hitting a low of $1470 / tonne, although some countries plan to lift restrictions related to the epidemic, but the market has doubts about the recovery of demand. Following concerns about the sustainability of the recovery in domestic consumption and the extent of the damage to overseas demand, Lun Aluminium is expected to remain in the range of $1470,1500 / tonne on Thursday.

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