铝：继续磨盘，氧化铝：重心下移，铸造铝合金：跟随电解铝

Report Investment Rating - No investment rating for the industry is provided in the report [1][3] Core Viewpoints - Aluminum continues to trade sideways; Alumina's price center is moving downward; Cast aluminum alloy follows the trend of electrolytic aluminum [1] Summary by Directory Futures Market - Electrolytic Aluminum: The closing price of the SHFE aluminum main contract was 20,745, down 20 from T - 1. The LME aluminum 3M closing price was 2,649, down 15 from T - 1. The LME注销仓单占比 was 20.27%, down 0.68% from T - 1 [1] - Alumina: The closing price of the SHFE alumina main contract was 2,901, down 41 from T - 1. The trading volume was 280,445, down 48,555 from T - 1, and the open interest was 306,449, up 3,333 from T - 1 [1] - Aluminum Alloy: The closing price of the aluminum alloy main contract was 20,325, down 60 from T - 1. The trading volume was 2,067, down 1,883 from T - 1, and the open interest was 11,833 [1] Spot Market - Electrolytic Aluminum: The domestic social inventory of aluminum ingots was 614,000 tons, unchanged from T - 1. The SHFE aluminum ingot warehouse receipts were 63,200 tons, down 1,200 tons from T - 1. The LME aluminum ingot inventory was 517,700 tons, up 1,800 tons from T - 1 [1] - Alumina: The average domestic alumina price was 3,022, down 4 from T - 1. The CIF price at Lianyungang was 347 US dollars per ton, unchanged from T - 1 [1] - Aluminum Bauxite: The price of Australian imported bauxite (Al:48 - 50%, Si:8 - 10%) was 70 US dollars per ton, unchanged from T - 1 [1] - Aluminum Alloy: The theoretical profit of ADC12 was 160. The price of Baotai ADC12 was 20,400, unchanged from T - 1 [1] Other Information - China's industrial enterprise profits in August increased by 20.4% year - on - year, reversing the decline in July. From January to August, the profits of the equipment manufacturing industry increased by 7.2%, and the raw material manufacturing industry increased by 22.1% [3] - The US core PCE price index in August increased by 0.2% month - on - month as expected, and consumer spending increased for three consecutive months [3] - Aluminum trend strength is 0; Alumina trend strength is - 1; Aluminum alloy trend strength is 0 [3]