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铝：偏强运行，氧化铝，成本支撑，铸造铝合金，跟随电解铝
Guo Tai Jun An Qi Huo·2025-09-11 02:43

Report Industry Investment Rating - Aluminum: Bullish trend [1] - Alumina: Cost supported [1] - Cast aluminum alloy: Following electrolytic aluminum [1] Core Viewpoints - The report provides updates on the fundamentals of aluminum, alumina, and cast aluminum alloy, including price, volume, inventory, and cost data [1]. - The trend strength of aluminum, alumina, and aluminum alloy is all rated as neutral [3]. Summary by Related Catalogs Futures Market - Aluminum: The closing price of the SHFE aluminum main contract was 20,790 yuan, up 40 yuan from the previous trading day. The trading volume decreased by 13,239 lots, and the open interest decreased by 196,440 lots [1]. - Alumina: The closing price of the SHFE alumina main contract was 2,933 yuan, down 292 yuan from the previous trading day. The trading volume increased by 4,637 lots, and the open interest decreased by 4,976 lots [1]. - Aluminum alloy: The closing price of the aluminum alloy main contract was 20,350 yuan, up 45 yuan from the previous trading day. The trading volume increased by 705 lots, and the open interest decreased by 37 lots [1]. Spot Market - Aluminum: The domestic social inventory of aluminum ingots was 0 tons, unchanged from the previous trading day. The SHFE aluminum ingot warehouse receipt was 64,900 tons, up 500 tons from the previous trading day [1]. - Alumina: The average domestic alumina price was 3,112 yuan, down 16 yuan from the previous trading day. The CIF price at Lianyungang was 363 US dollars per ton, unchanged from the previous trading day [1]. - Aluminum alloy: The theoretical profit of ADC12 was -72 yuan, unchanged from the previous trading day. The inventory of three regions totaled 34,881 tons [1]. Other Information - US inflation unexpectedly declined in August, with the PPI falling 0.1% month - on - month, the first negative growth in four months. The year - on - year growth rate of 2.6% was lower than expected [3]. - Judge blocked Trump from removing Fed Governor Cook, and the case will go to the US Supreme Court [3].