铝：高位震荡，氧化铝：偏弱运行，铸造铝合金：跟随电解铝

Report Investment Ratings - Aluminum: High-level oscillation [1] - Alumina: Weak operation [1] - Cast aluminum alloy: Follow electrolytic aluminum [1] Core Views - The report updates the fundamental data of aluminum, alumina, and cast aluminum alloy, including futures market and spot market data, and analyzes the price trends and related indicators of these products [1] Summary by Related Catalogs Futures Market Electrolytic Aluminum - The closing price of the main contract of Shanghai aluminum was 20,765 yuan, down 20 yuan from T - 5 and up 370 yuan from T - 66; the closing price of the night session was 20,800 yuan [1] - The trading volume of the main contract of Shanghai aluminum was 146,073 lots, down 81,565 lots from T - 5; the open interest was 220,640 lots, down 29,538 lots from T - 5 [1] - The closing price of LME aluminum 3M was 2,664 US dollars, down 41 US dollars from T - 5 and up 145 US dollars from T - 66; the trading volume was 18,169 lots, down 2,784 lots from T - 5 [1] - The proportion of LME canceled warrants was 20.95%, down 0.31% from T - 5; the LME aluminum cash - 3M spread was -2.10 [1] Alumina - The closing price of the main contract of Shanghai alumina was 2,942 yuan, up 11 yuan from T - 5 and down 178 yuan from T - 22; the closing price of the night session was 2,919 yuan [1] - The trading volume of the main contract of Shanghai alumina was 329,000 lots, down 104,801 lots from T - 5; the open interest was 303,116 lots, up 110,389 lots from T - 22 [1] - The spread between the near - month contract and the consecutive first contract was -18 yuan; the cost of buying the near - month contract and selling the consecutive first contract for inter - period arbitrage was 25.28 yuan [1] Aluminum Alloy - The closing price of the main contract of aluminum alloy was 20,385 yuan; the closing price of the night session was 20,385 yuan [1] - The trading volume of the main contract of aluminum alloy was 3,950 lots, down 701 lots from T - 5; the open interest was 11,767 lots, up 1,633 lots from T - 5 [1] - The spread between the near - month contract and the consecutive first contract was -20.00 yuan; the spot premium was 0 yuan [1] Spot Market Electrolytic Aluminum - The electrolytic aluminum enterprise profit and loss was 4,487.40 yuan, up 71.09 yuan from T - 5 and 1,036.85 yuan from T - 66 [1] - The import profit and loss of aluminum spot was -1,321.85 yuan, up 137.43 yuan from T - 5; the import profit and loss of aluminum 3M was -1,176.60 yuan, up 106.38 yuan from T - 5 [1] - The domestic social inventory of aluminum ingots was 614,000 tons, down 22,000 tons from T - 5; the warehouse receipts of aluminum ingots on the Shanghai Futures Exchange were 64,400 tons, down 10,100 tons from T - 5 [1] - The LME aluminum ingot inventory was 515,900 tons, up 2,000 tons from T - 5 [1] Alumina - The average domestic price of alumina was 3,026 yuan, down 40 yuan from T - 5 and 276 yuan from T - 66 [1] - The CIF price of alumina in Lianyungang was 347 US dollars/ton, down 2 US dollars from T - 5; the CIF price in RMB was 2,935 yuan, down 70 yuan from T - 5 [1] - The FOB price of Australian alumina was 323 US dollars/ton, down 2 US dollars from T - 5 [1] - The profit and loss of alumina enterprises in Shanxi was -33 yuan, down 57 yuan from T - 5 [1] Aluminum Bauxite - The price of Australian imported bauxite was 70 US dollars/ton; the price of Indonesian imported bauxite was 70 US dollars/ton; the price of Guinean imported bauxite was 74 US dollars/ton, down 1 US dollar from T - 5 [1] - The price of Yangquan bauxite (tax - included spot mine price, AI:Si = 4.5) was unchanged from T - 5 and up 20 yuan from T - 66 [1] Aluminum Alloy - The theoretical profit of ADC12 was 159 yuan, up 0 yuan from T - 5 and 720 yuan from T - 66 [1] - The price of Baotai ADC12 was 20,400 yuan, up 0 yuan from T - 5 and 900 yuan from T - 66; the price difference between Baotai ADC12 and A00 was -370 yuan [1] - The total inventory of the three places was 49,735 tons, down 922 tons from T - 5 [1] Caustic Soda - The price of Shaanxi ion - exchange membrane liquid caustic soda (32% converted to 100%) was 2,810 yuan, up 0 yuan from T - 5 and 200 yuan from T - 66 [1]