铝：价格承压氧化铝：震荡回落铸造铝合金：跟随电解铝

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Report's Core View - Aluminum prices are under pressure, alumina prices are expected to fluctuate and decline, and cast aluminum alloy prices will follow the trend of electrolytic aluminum [1]. - The trend intensities of aluminum, alumina, and aluminum alloy are all neutral (0) [3]. 3. Summary by Relevant Catalogs Futures Market - Electrolytic Aluminum: The closing price of the SHFE aluminum main contract is 20,750, the LME aluminum 3M closing price is 2,611. Trading volumes and positions in both domestic and international markets have changed. For example, the SHFE aluminum main - contract trading volume is 132,302, and the LME aluminum 3M trading volume is 17,313. The LME canceled warrant ratio is 3.03% [1]. - Alumina: The closing price of the SHFE alumina main contract is 3,211. Trading volumes and positions have also changed, with the trading volume at 280,531 and the position at 122,006 [1]. - Aluminum Alloy: The closing price of the aluminum alloy main contract is 20,135. The trading volume is 1,954, and the position is 8,695 [1]. Spot Market - Electrolytic Aluminum: The spot premium and discounts, premiums in different regions, processing fees, and price differences between refined and scrap aluminum have changed. The electrolytic aluminum enterprise profit is 3,951.96, and the aluminum spot import profit and loss is - 1,452.94 [1]. - Alumina: The average domestic alumina price is 3,275, and the CIF price in Lianyungang is 400 US dollars per ton [1]. - Aluminum Alloy: The theoretical profit of ADC12 is - 257, and the price of Baotai ADC12 is 19,700 [1]. Other Information - External News: The US has imposed a 39% tariff on Swiss products, and Switzerland will continue to negotiate with the US. The Bank of England has cut interest rates by 25 basis points, and inflation risks have intensified internal differences [3].