铝：区间震荡，氧化铝，关注检修停产情况

Industry Investment Rating - Aluminum: Range-bound [1] - Alumina: Monitor maintenance and production suspension [1] Core Viewpoints - The US May ISM manufacturing index contracted for three consecutive months, with the import indicator hitting a 16-year low; the Eurozone May manufacturing PMI was 49.4, with the slowdown in contraction and output growing for the third consecutive month, showing signs of recovery [3] - Aluminum trend strength: 0; Alumina trend strength: 0 [3] Summary by Relevant Catalogs Futures Market - Aluminum Futures: The closing price of the SHFE aluminum main contract was 20,070, down 130 from the previous trading day; the closing price of the LME aluminum 3M contract was 2,449, down 2; the trading volume of the SHFE aluminum main contract was 171,091, up 2,768; the open interest of the SHFE aluminum main contract was 195,664, down 12,236 [1] - Alumina Futures: The closing price of the SHFE alumina main contract was 2,962, down 2; the trading volume of the SHFE alumina main contract was 539,959, down 258,688; the open interest of the SHFE alumina main contract was 320,269, down 32,720 [1] Spot Market - Aluminum Spot: The domestic social inventory of aluminum ingots was 519,000 tons, unchanged from the previous trading day; the SHFE aluminum ingot warehouse receipt was 51,100 tons, down 700 tons; the LME aluminum ingot inventory was 372,500 tons, down 2,600 tons [1] - Alumina Spot: The average domestic alumina price was 3,300, up 4; the CIF price of alumina in Lianyungang was 393 US dollars/ton, unchanged; the FOB price of Australian alumina was 370 US dollars/ton, unchanged [1] Cost and Profit - Electrolytic Aluminum: The profit and loss of electrolytic aluminum enterprises was 3,086.81, down 90; the spot import profit and loss of aluminum was -990.62, unchanged; the 3M import profit and loss of aluminum was -1,098.66, unchanged [1] - Alumina: The profit and loss of Shanxi alumina enterprises was 366, unchanged [1]