铝：波动收敛，氧化铝，小幅下跌，铸造铝合金，跟随电解铝

Report Summary 1. Report Industry Investment Rating - The trend strength for aluminum is 0 (neutral), for alumina is -1 (weakly bearish), and for aluminum alloy is 0 (neutral) [2] 2. Report Core View - The price of aluminum is expected to have a converging fluctuation, alumina is expected to decline slightly, and cast aluminum alloy is expected to follow the trend of electrolytic aluminum [1] 3. Summary by Relevant Catalog Futures Market - Electrolytic Aluminum: The closing price of the SHFE aluminum main - contract is 21,245 yuan, with a decrease of 50 yuan compared to the previous trading day. The LME aluminum 3M closing price is 2,870 dollars, unchanged from the previous day. The LME注销仓单占比 is 11.94%, a decrease of 0.61% from the previous day. The electrolytic aluminum enterprise profit and loss is 5,156.94 yuan, an increase of 30 yuan from the previous day [1] - Alumina: The closing price of the SHFE alumina main - contract is 2,816 yuan, a decrease of 63 yuan compared to the previous trading day. The trading volume of the SHFE alumina main - contract is 436,078 lots, an increase of 96,271 lots from the previous day [1] - Aluminum Alloy: The closing price of the aluminum alloy main - contract is 20,705 yuan, an increase of 15 yuan compared to the previous day. The trading volume of the aluminum alloy main - contract is 3,577 lots, an increase of 2,079 lots from the previous day [1] Spot Market - Electrolytic Aluminum: The domestic aluminum ingot social inventory is 605,000 tons, a decrease of 11,000 tons compared to the previous day. The electrolytic aluminum import profit and loss shows a loss situation, with the spot import loss at 2,261.07 yuan and the 3M import loss at 2,099.55 yuan [1] - Alumina: The domestic average price of alumina is 2,906 yuan, unchanged from the previous day. The alumina enterprise in Shanxi is in a loss - making state, with a loss of 120 yuan [1] - Aluminum Alloy: The theoretical profit of ADC12 is 97 yuan, and the price of Baotai ADC12 is 20,800 yuan, unchanged from the previous day [1] Other Information - Japan's central bank maintains the interest rate unchanged, and two members vote against it. The central bank raises the economic growth forecast for this fiscal year to 0.7% and keeps the core inflation at 2.7% [2] - The US Senate passes a resolution to terminate Trump's comprehensive tariff policy, but it is expected to be difficult to pass in the House of Representatives [2]