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19:22
TLM 24h trading volume expands to 10.5 times the 7-day average, price strengthens
In the past 24 hours, TLM's trading volume surged to 10.5 times the 7-day average, with the price cumulatively rising by 112.9%. It is currently priced at $0.001899 and ranks 8th on the AiCoin trending search list. A significant increase in trading volume accompanied by price strength usually indicates higher capital participation and bullish dominance. At this stage, capital inflows, trading structure, and the movements of large funds are worth close attention. Through AiCoin PRO’s "Major Orders" and "Major Transactions," you can further monitor the buying and selling actions of large funds, trading price ranges, and the sustainability of capital flow, providing more reference for market analysis. The above content is for reference only and does not constitute any investment advice.
19:06
Citi: Aluminum Prices Expected to Bottom Out Short-Term, Projected to Rise to $3,500 by Year-End
On July 3, Citi stated that it expects aluminum prices to bottom out within the next month, followed by a gradual recovery to a range of $3,300 to $3,500 per ton between September and December. The bank's assessment is based on multiple factors, including a dovish shift in Federal Reserve policy, declining real interest rates, improved demand outlook, and a continued decrease in inventory based on consumption metrics. Recently, the decline in aluminum prices primarily reflects weaker-than-expected demand, a slowdown in visible inventory depletion, easing geopolitical risks, concentrated liquidation of speculative and physical positions, and rising market expectations for increased future supply. Over the past month, aluminum prices have dropped about 20% from approximately $4,450 per ton, shaking the upward trend that had lasted for more than a year. However, Citi believes that it is currently not suitable to short aluminum prices, as the market was already in a supply deficit state before the recent shocks, and new supply is unlikely to catch up with demand growth in time. The bank also noted that concerns about a rapid return of supply from the Middle East may be exaggerated.
19:03
On Thursday (July 2), at the close of trading in New York, the Bloomberg Grains Subindex rose by 0.04% to 29.5199 points. During the early Asia-Pacific session, it maintained a slight upward trend, continued to widen its gains after 15:00 (GMT+8), hit a daily high of 29.7725 points at 21:42, and then repeatedly gave up gains and turned downward several times.
CBOT corn futures fell by 0.34% to $4.4075 per bushel. CBOT wheat futures rose by 0.04% to $6.0025 per bushel. CBOT soybean futures dropped 0.22% to $11.4675 per bushel, soybean meal futures decreased 0.10%, and soybean oil futures increased 0.21%.
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