铝：区间震荡，氧化铝：小幅下跌，铸造铝合金：跟随电解铝

1. Report Industry Investment Rating - Aluminum: Range-bound [1] - Alumina: Slight decline [1] - Cast aluminum alloy: Follow electrolytic aluminum [1] 2. Core Viewpoints of the Report - There is no clear indication of a strong upward or downward trend in the aluminum, alumina, and cast aluminum alloy markets, with aluminum showing a range - bound pattern, alumina having a slight decline, and cast aluminum alloy following the trend of electrolytic aluminum [1] 3. Summary by Related Catalogs 3.1 Futures Market 3.1.1 Electrolytic Aluminum - The closing price of the Shanghai Aluminum main contract was 20,590, down 125 from T - 5 and up 1,125 from T - 66; the night - closing price was 20,720 [1] - The LME Aluminum 3M closing price was 2,593, up 16 from T - 1 and up 213 from T - 66 [1] - The trading volume of the Shanghai Aluminum main contract was 124,523, down 3645 from T - 1; the LME Aluminum 3M trading volume was 11,438, down 3818 from T - 1 [1] - The LME canceled warrant ratio was 2.93%, up 1.00% from T - 22 and down 35.57% from T - 66 [1] 3.1.2 Alumina - The closing price of the Shanghai Alumina main contract was 3,124, down 23 from T - 1 and down 116 from T - 5 [1] - The trading volume of the Shanghai Alumina main contract was 326,961, down 114,266 from T - 1; the position was 185,979, up 9,176 from T - 1 [1] 3.1.3 Aluminum Alloy - The closing price of the aluminum alloy main contract was 20,125, up 50 from T - 1; the night - closing price was 20,235 [1] - The trading volume of the aluminum alloy main contract was 1,361, down 401 from T - 1; the position was 7,973, up 84 from T - 1 [1] 3.2 Spot Market 3.2.1 Electrolytic Aluminum - The social inventory of domestic aluminum ingots was 579,000 tons, down 7,000 tons from T - 1; the SHFE aluminum ingot warrant was 59,900 tons, down 3,000 tons from T - 1 [1] - The LME aluminum ingot inventory was 479,500 tons, unchanged from T - 1 [1] - The electrolytic aluminum enterprise profit and loss was 3,961.45, up 160.00 from T - 1 [1] 3.2.2 Alumina - The average domestic alumina price was 3,263, unchanged from T - 1; the CIF price at Lianyungang was 396 US dollars/ton, unchanged from T - 1 [1] - The profit and loss of Shanxi alumina enterprises was 270, unchanged from T - 1 [1] 3.2.3 Aluminum Alloy - The theoretical profit of ADC12 was - 112, up 27 from T - 1; the price of Baotai ADC12 was 20,000, up 100 from T - 1 [1] - The total inventory of the three places was 31,530, down 66 from T - 1 [1] 3.3 Other Information - Fed's next - year FOMC voter Harker said that a rate cut in September may not happen, and this year's FOMC voter Schmid was hesitant about the market's strong expectation of a September rate cut [3] - The trend strength of aluminum, alumina, and aluminum alloy is all 0, indicating a neutral view [3]