金货期业弘：市场情绪较好，后市震荡上行

Group 1: Market Sentiment and General Situation - The sentiment in the futures financial market is positive, with the market expected to fluctuate upward in the future [3] - The Sino - Malaysian negotiation may achieve important results, and Chinese and US leaders may meet at the APEC meeting at the end of the month. China's industrial enterprise profits in September exceeded expectations, leading to an optimistic market sentiment [4] Group 2: Aluminum Market Data - Today, Shanghai Aluminum closed at 21,360, and the spot price was 21,160, with a spot - to - futures discount of - 200 points. This week, the spot discount of Shanghai Aluminum widened to - 60 yuan, and today's spot trading was poor [4] - This week, the domestic electrolytic aluminum social inventory decreased slightly, the SHFE aluminum inventory decreased slightly, and the LME inventory also decreased slightly. The LME spot premium dropped to 3 US dollars, indicating improved overseas demand [4] - The RMB exchange rate rose significantly this week, and the Shanghai - London ratio of aluminum prices dropped significantly to 7.48, with the domestic market performing weaker than the overseas market [4] - From October 21st to October 27th, the RMB exchange rate, spot premium, and other aluminum market indicators changed. For example, the RMB exchange rate decreased from 7.1269 to 7.1136, and the spot premium changed from 0 to - 60 [5] Group 3: Technical Analysis and Market Outlook - Today, crude oil rose slightly, and London Aluminum soared, trading around 2,884 US dollars. Shanghai Aluminum fluctuated upward and closed at 21,160, with a strong technical pattern [4] - The trading volume and open interest of Shanghai Aluminum both increased, and the market sentiment was optimistic. The domestic electrolytic aluminum social inventory decreased slightly this week, and the spot trading was average [4] - The hype about anti - involution subsided, and alumina fluctuated slightly. The situation in Russia and Ukraine is unclear, and tariff news has a great impact on the market. In the short term, the market sentiment is strong, and aluminum prices will rise with copper prices. In the medium term, attention should be paid to changes in spot demand [4]