铝：震荡偏强氧化铝：区间震荡铸造，铝合金：关注政策落地进展

Report Industry Investment Ratings - Aluminum: Oscillating with an upward bias [1] - Alumina: Range-bound oscillation [1] - Cast aluminum alloy: Monitor policy implementation progress [1] Core Viewpoints - The report updates the fundamental data of aluminum, alumina, and cast aluminum alloy, including futures market prices, trading volumes, open interests, spot market prices, import and export profits and losses, and inventory levels [1]. - It also presents some external information such as Dalio's warning about the US economic situation and the US 8 - month ISM manufacturing PMI data [3]. Summary by Relevant Catalogs Futures Market - Aluminum: The closing price of the SHFE aluminum main contract was 20,720, with a change of 75 compared to T - 1. The trading volume was 103,466, a decrease of 55,120 from T - 1. The open interest was 213,947, down 7,232 from T - 1 [1]. - Alumina: The closing price of the SHFE alumina main contract was 3,022, up 14 from T - 1. The trading volume was 310,480, a decrease of 45,801 from T - 1. The open interest was 242,297, down 5,508 from T - 1 [1]. - Aluminum Alloy: The closing price of the aluminum alloy main contract was 20,300, up 25 from T - 1. The trading volume was 1,760, a decrease of 199 from T - 1. The open interest was 8,140, down 81 from T - 1 [1]. Spot Market - Aluminum: The domestic aluminum ingot social inventory was 616,000 tons, unchanged from T - 1. The LME aluminum ingot inventory was 479,600 tons, a decrease of 1,400 tons from T - 1. The aluminum spot import loss was 1,236.17 yuan, a loss increase of 52.67 yuan from T - 1 [1]. - Alumina: The domestic average alumina price was 3,212 yuan, a decrease of 10 yuan from T - 1. The alumina CIF price at Lianyungang was 386 US dollars per ton, unchanged from T - 1 [1]. - Aluminum Alloy: The three - place inventory totaled 34,501 tons, an increase of 786 tons from T - 1 [1]. Other Information - Trend Intensity: Aluminum trend intensity was 0; alumina trend intensity was 0; aluminum alloy trend intensity was 0 [3]. - External News: Dalio warned that Trump was leading the US towards a 1930s - style governance model, and the US might face a debt crisis in three years. The US 8 - month ISM manufacturing PMI was 48.7, contracting for the sixth consecutive month [3].