Social inventories continue to fall There is support at the bottom of aluminum prices

In terms of external trading, Lun aluminum opened low today, and the LME three-month aluminum Beijing time was reported at 1775.
5 US dollars / ton at 15:24 Beijing time, down 9 US dollars, or 0.
50%,
from the settlement price of the previous trading day.

In terms of the market, today's spot trading price of Yangtze River is 14720-14760 yuan / ton, up 200 yuan; Guangdong South Reserve reported 14710-14770 yuan / ton, up 140 yuan; Hua reported 14820-14840 yuan / ton, up 180 yuan
.
Cargo holders dump goods before the holiday to realize cash, large households are generally enthusiastic about receiving goods, and downstream fear of heights is cautious
.

The Japan Aluminum Association said on Monday that the Japanese aluminum industry aims to reduce carbon dioxide emissions by 78% by 2050 compared to 2017 by increasing the use of recycled metals from the current 48%
to 75%.

Aluminum ingot inventories have recently turned down to support prices, and supply and demand are expected to remain tight
overall with the arrival of the peak season.
On the spot side, spot basis has recovered in recent days, with the market expecting a recovery in demand and concerns about low inventory levels
.
With the arrival of the peak season, supply and demand are expected to remain tight
overall.
At present, the commodity is generally pullback, and it is expected to rise in the future, and it is recommended to take advantage of the dip
.