Shanghai aluminum maintained high volatility and still has upside

Today, Lun aluminum bottomed out, and the LME three-month aluminum Beijing time was reported at 2206 US dollars / ton at 15:00, up 10.
5 US dollars, or 0.
48%,
from the settlement price of the previous trading day.

In terms of the market, today's spot trading price of Yangtze River is 17510-17550 yuan / ton, down 210 yuan; Guangdong South Reserve reported 17500-17560 yuan / ton, down 230 yuan; Hua reported 17620-17640 yuan / ton, down 230 yuan
.
Holders are holding goods and selling them, their willingness to receive goods has improved, and the transaction activity is acceptable
.

Industry highlights, the International Aluminium Association (IAI) said that by 2050, the global aluminum industry must cut greenhouse gas emissions by 77% to meet climate change goals
.
Emissions reductions will be achieved primarily by switching to green electricity
.
Demand for semi-processed aluminum products will grow by 80% to about 180 million tons
by 2050.
The challenge for the industry is to reduce emissions while increasing production to meet demand
.

Macro is in the recent stage of overseas economic recovery, and it is difficult to have a clear trend in the game between the market and the magnitude progress, but political factors have recently interfered
.
In addition, next week's Fed interest rate decision will focus on whether there is a marginal shift
in attitude.
Fundamentally, the overall recovery trend is still in place, and the recent changes in inventory levels are still expected, peak season demand can be expected, and aluminum prices still have upside
.