Ruida Futures(SZ:002961) Jin Tou Wang·2025-11-19 08:04Core Viewpoint - The domestic non-ferrous metal market shows a positive trend, particularly in the casting aluminum alloy sector, with prices slightly increasing due to tight supply and stable demand conditions [1] Supply Side - The supply of domestic scrap aluminum remains tight, which continues to support the cost logic for casting aluminum [1] - Due to the tight raw material supply, the production of casting aluminum enterprises is somewhat limited, leading to a potential contraction in domestic supply [1] Demand Side - The terminal automotive market continues to perform well; however, orders from die-casting enterprises are not significantly increasing, and the high prices are resulting in weak consumption of recycled aluminum alloys [1] Inventory - As of November 19, the total social inventory of recycled aluminum alloy ingots in Foshan, Ningbo, and Wuxi is 51,497 tons, which is a decrease of 223 tons from the previous trading day but an increase of 1,544 tons compared to the previous week [1] Market Outlook - The outlook suggests that the European Union plans to restrict scrap aluminum exports, which will continue to provide strong cost support for casting aluminum alloys, while demand remains relatively average; short-term prices are expected to follow the trend of aluminum prices [1]