长江有色：29日铝价大涨 现货成交氛围尚可

Group 1 - The core viewpoint of the articles indicates that aluminum prices are experiencing fluctuations due to various macroeconomic factors, including expectations of interest rate cuts by the Federal Reserve and rising oil prices, which have positively influenced the non-ferrous metals sector [1][2]. Group 2 - As of December 29, China's major regions saw an increase in electrolytic aluminum social inventory by 26,000 tons to 638,000 tons, driven by seasonal demand weakness and rising in-transit inventory [2]. - The production capacity of electrolytic aluminum in Indonesia is increasing, while domestic projects in Xinjiang and Inner Mongolia are gradually coming online, contributing to a high daily output of aluminum [2]. - Despite the increase in supply, long-term constraints on electricity are expected to limit production capacity growth, while the demand for aluminum remains strong due to its cost advantages over copper, particularly in the air conditioning sector [2]. - The market sentiment remains optimistic, with expectations that aluminum prices will continue to rise, suggesting a bullish trading strategy while advising caution in position management [2].