铝：区间震荡，氧化铝：偏弱运行

Group 1: Investment Ratings - The investment rating for aluminum is "range-bound trading", and for alumina is "weak operation" [1] Group 2: Core Views - The report updates the fundamental data of aluminum and alumina, including futures market and spot market data, and also mentions some comprehensive news and trend intensities [1][3] Group 3: Summary by Related Catalogs Futures Market - Aluminum: The closing price of the Shanghai Aluminum main contract was 20,405, down 35 from the previous day; the LME Aluminum 3M closing price was 2,517, up 14. The LME注销仓单占比 was 8.37%, down 0.53%. The trading volume and open interest of the Shanghai Aluminum main contract decreased compared with the previous day [1] - Alumina: The closing price of the Shanghai Alumina main contract was 2,852, unchanged from the previous day. The trading volume decreased significantly, while the open interest increased slightly [1] Spot Market - Aluminum: The domestic aluminum ingot social inventory was 460,000 tons, down 3,000 tons from the previous day. The LME aluminum ingot inventory was 351,200 tons, down 2,000 tons. The electrolytic aluminum enterprise profit and loss was 3,545.81, down 24.92 [1] - Alumina: The domestic average alumina price was 3,267, down 20. The alumina price at Lianyungang's arrival port was 393 US dollars/ton, unchanged [1] Comprehensive News - Trump expects to reach a trade agreement between the US and Canada within "days" or "weeks" and sign a US-UK trade agreement. Iran officials hinted at negotiations to ease the conflict with Israel [1][3] Trend Intensity - The trend intensity of aluminum is 0, and that of alumina is also 0, both indicating a neutral outlook [3]