铝：高位震荡氧化铝：横盘小涨铸造铝合金：跟随电解铝

Report Summary 1) Industry Investment Rating - Not provided in the given content 2) Core Viewpoints - Aluminium is expected to oscillate at a high level, alumina to experience a slight upward trend in a sideways movement, and cast aluminium alloy to follow the trend of electrolytic aluminium [1] - There are expectations of a new round of interest rate cuts and reserve - requirement ratio cuts by the central bank around the beginning of the fourth quarter, which may drive the LPR quotation to decline [3] 3) Summary by Related Catalogs Futures Market - Aluminium: The closing price of the Shanghai Aluminium main contract was 20,535 yuan, down 10 yuan from T - 1, with a trading volume of 128,168 lots and an open interest of 228,028 lots. The LME Aluminium 3M closing price was 2,577 US dollars, up 10 US dollars from T - 1. The LME cancelled warrant ratio was 2.93% [1] - Alumina: The closing price of the Shanghai Alumina main contract was 3,147 yuan, up 27 yuan from T - 1, with a trading volume of 441,227 lots and an open interest of 176,803 lots [1] - Aluminium Alloy: The closing price of the Aluminium Alloy main contract was 20,075 yuan, down 20 yuan from T - 1, with a trading volume of 1,762 lots and an open interest of 7,889 lots [1] Spot Market - Aluminium: The spot premium was 20 yuan, the Shanghai Free - Trade Zone Premium was 98 US dollars, and the EU Rotterdam Aluminium Ingot Premium (MB) was 215 US dollars. The pre - baked anode market price was 5,502 yuan [1] - Alumina: The average domestic alumina price was 3,263 yuan, the Lianyungang CIF price was 3,275 yuan, and the Australian Alumina FOB price was 372 US dollars [1] - Aluminium Bauxite: The price of Australian imported trihydrate bauxite was 42 US dollars, the price of Indonesian imported bauxite was 0 US dollars, and the price of Guinean imported bauxite was 74 US dollars [1] - Aluminium Alloy: The theoretical profit of ADC12 was - 139 yuan, and the three - location inventory totaled 31,596 tons [1] Macroeconomic News - China's August LPR quotation remained unchanged, with the 5 - year - plus LPR at 3.5% and the 1 - year LPR at 3%. There are expectations of a new round of interest rate cuts and reserve - requirement ratio cuts by the central bank around the beginning of the fourth quarter [3] - Trump pressured the Fed, asking Fed Governor Lisa Cook to resign, but Cook refused to resign under coercion [3] Trend Intensity - Aluminium trend intensity: 0; Alumina trend intensity: 0; Aluminium Alloy trend intensity: 0. The trend intensity ranges from - 2 (most bearish) to 2 (most bullish) [3]