铝：区间震荡，氧化铝：小幅反弹，铸造铝合金：跟随电解铝

Report Industry Investment Rating - Aluminum: Range-bound oscillation [1] - Alumina: Slight rebound [1] - Cast aluminum alloy: Follow electrolytic aluminum [1] Core Viewpoints of the Report - The report provides updated fundamental data on aluminum, alumina, and cast aluminum alloy, including prices, trading volumes, open interests, and spreads in the futures and spot markets [1]. - The trend intensities of aluminum, alumina, and aluminum alloy are all rated as neutral [2]. Summary by Relevant Catalogs Futures Market - Aluminum: The closing price of the Shanghai aluminum main contract was 20,965, with a night - session closing price of 20,970. Trading volume was 108,173, and open interest was 234,936. The LME aluminum 3M closing price was 2,781, with a trading volume of 20,026. The LME注销仓单占比 was 16.21%, and the LME aluminum cash - 3M spread was 12.88 [1]. - Alumina: The closing price of the Shanghai alumina main contract was 2,810, with a night - session closing price of 2,820. Trading volume was 233,850, and open interest was 351,214. The near - month contract to the first - continuous contract spread was - 15, and the cost of buying the near - month and selling the first - continuous inter - period arbitrage was 24.67 [1]. - Aluminum Alloy: The closing price of the aluminum alloy main contract was 20,460, with a night - session closing price of 20,435. Trading volume was 3,221, and open interest was 12,810. The near - month contract to the first - continuous contract spread was - 90, and the spot premium was 10 [1]. Spot Market - Aluminum: The aluminum ingot social inventory in China was 620,000 tons. The aluminum ingot import profit and loss was - 2,019.42, and the aluminum plate and coil export profit and loss was 3,255.20 [1]. - Alumina: The average domestic alumina price was 2,940. The alumina arrival price at Lianyungang was 343 US dollars per ton, and the Australian alumina FOB price was 318 US dollars per ton. The profit and loss of Shanxi alumina enterprises was - 99 [1]. - Aluminum Alloy: The三地库存合计 was 48,978. The theoretical profit of ADC12 was 204, and the price of Baotai ADC12 was 20,600 [1]. Other Information - In the comprehensive news, Wang Wentao, Minister of Commerce, held a video meeting with EU Commissioner for Trade and Economic Security, calling on the EU to urge the Netherlands to resolve the Nexperia issue. The leverage of US stock investors has increased significantly, with a 32.4% surge from April to September, approaching historical highs, which is considered a "bad entry point" for risk assets [2]. - The trend intensities of aluminum, alumina, and aluminum alloy are all 0, indicating a neutral outlook [2].