铝：淡季承压，氧化铝：短期偏多震荡，铸造铝合金：成本支撑

Report Summary 1. Industry Investment Ratings - There is no explicit industry investment rating provided in the report. 2. Core Views - Aluminum is under pressure during the off - season. - Alumina shows a short - term bullish and volatile trend. - Cast aluminum alloy is supported by cost [1]. 3. Summary by Related Catalogs 3.1 Futures Market - Aluminum: The closing price of the Shanghai Aluminum main contract is 20,415, down 280 from the previous trading day. The LME Aluminum 3M closing price is 2,602, unchanged from the previous day. The trading volume and open interest of the Shanghai Aluminum main contract have changed compared to previous periods [1]. - Alumina: The closing price of the Shanghai Alumina main contract is 3,145, up 28 from the previous trading day. The trading volume and open interest have also changed [1]. - Aluminum Alloy: The closing price of the Aluminum Alloy main contract is 19,805, down 125 from the previous trading day. The trading volume and open interest have different changes [1]. 3.2 Spot Market - Aluminum: The domestic aluminum ingot social inventory is 483,000 tons, an increase of 18,000 tons from the previous trading day. The electrolytic aluminum enterprise profit and loss is 3,879.07, down 339.25 from the previous day [1]. - Alumina: The domestic average price of alumina is 3,186, unchanged from the previous day. The profit and loss of Shanxi alumina enterprises is not clearly stated [1]. - Aluminum Alloy: The theoretical profit of ADC12 is - 24, unchanged from the previous day. The three - place inventory total is 26,680, an increase of 1,368 from the previous day [1]. 3.3 Other Information - EU is ready to impose counter - tariff on 72 billion euros of US goods if the trade negotiation fails. Brazil is seeking to reduce the new tariff from 50% to 30% and postpone it for 90 days [3]. - The trend strength of aluminum, alumina, and aluminum alloy is 0, indicating a neutral trend [3].