铝：区间震荡；氧化铝：底部反弹；铸造铝合金：跟随电解铝

Report Industry Investment Rating - Aluminum: Range-bound trading [1] - Alumina: Bottom rebound [1] - Cast aluminum alloy: Follow electrolytic aluminum [1] Core Viewpoints - The report updates the fundamental data of aluminum, alumina, and cast aluminum alloy, including futures market prices, trading volumes, positions, spreads, and spot market prices, costs, and inventories [1] - The Fed cut interest rates by 25 basis points as expected, and the Bank of Canada also cut interest rates by 25 basis points, with different stances on future rate cuts [3] - The trend strength of aluminum, alumina, and aluminum alloy is all neutral [3] Summary by Relevant Catalogs Futures Market - Aluminum: The closing price of the SHFE aluminum main contract was 20,910 yuan, down 65 yuan from the previous trading day; the trading volume was 87,910 lots; the position was 137,521 lots, down 16,514 lots [1] - Alumina: The closing price of the SHFE alumina main contract was 2,937 yuan, down 42 yuan; the trading volume was 449,168 lots, down 129,891 lots; the position was 325,809 lots, up 38,407 lots [1] - Aluminum Alloy: The closing price of the aluminum alloy main contract was 20,460 yuan, down 20 yuan; the trading volume was 4,374 lots, up 1,766 lots; the position was 10,154 lots, up 2,154 lots [1] Spot Market - Aluminum: The domestic social inventory of aluminum ingots was 629,000 tons, unchanged from the previous day; the SHFE aluminum ingot warehouse receipts were 74,500 tons, down 130 tons [1] - Alumina: The average domestic alumina price was 3,073 yuan, down 10 yuan; the CIF price at Lianyungang was 349 US dollars per ton, unchanged [1] - Aluminum Alloy: The theoretical profit of ADC12 was 196 yuan, up 26 yuan; the price of Baotai ADC12 was 20,500 yuan, down 100 yuan [1] Other Information - The Fed cut interest rates by 25 basis points, acknowledging a weakening labor market and rising inflation, with mixed signals and major asset fluctuations [3] - The Bank of Canada cut interest rates by 25 basis points, with little guidance on future rate cuts and a cautious approach to future monetary easing [3] - The trend strength of aluminum, alumina, and aluminum alloy is all 0, indicating a neutral stance [3]