氧化铝期货：短期下跌空间有限，运行区间3000-3300元/吨

Core Viewpoint - The short-term outlook for alumina futures is bearish due to significant price declines, but the downside potential is limited, suggesting a wait-and-see approach for investors [1] Group 1: Market Conditions - Domestic and international ore supply disruptions are ongoing, which is expected to support ore prices [1] - The Federal Reserve's dovish stance may drive a stronger performance in the non-ferrous metals sector [1] Group 2: Price Forecast - The domestic main contract AO2601 is projected to operate within a range of 3000 to 3300 yuan/ton [1] - Close attention should be paid to supply-side policies and the mining policies in Guinea [1]