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铝:偏强震荡,氧化铝:下方有支撑,铸造铝合金:偏强震荡
Guo Tai Jun An Qi Huo·2025-11-04 02:34

Report Industry Investment Ratings - Aluminum: Bullish sideways trend [1] - Alumina: Supported at the lower level [1] - Cast aluminum alloy: Bullish sideways trend [1] Core Views of the Report - The report provides an update on the fundamental data of aluminum, alumina, and cast aluminum alloy, including futures market and spot market information [1]. - The trend intensities of aluminum and aluminum alloy are rated as 1 (bullish), while that of alumina is 0 (neutral) [3]. Summary by Relevant Catalogs Futures Market Aluminum - The closing price of the Shanghai aluminum main contract was 21,600 yuan, up 300 yuan from T - 1. The LME aluminum 3M closing price was 2,909 US dollars, up 21 US dollars from T - 1 [1]. - The trading volume and open interest of the Shanghai aluminum main contract increased compared to T - 1 [1]. - The LME注销仓单占比 was 8.59%, down 0.57% from T - 1 [1]. Alumina - The closing price of the Shanghai alumina main contract was 2,789 yuan, down 4 yuan from T - 1 [1]. - The trading volume of the Shanghai alumina main contract decreased, while the open interest increased compared to T - 1 [1]. Aluminum Alloy - The closing price of the aluminum alloy main contract was 21,065 yuan, up 260 yuan from T - 1 [1]. - The trading volume and open interest of the aluminum alloy main contract increased compared to T - 1 [1]. Spot Market Aluminum - The pre - baked anode market price was 5,887 yuan, up 222 yuan from T - 1 [1]. - The electrolytic aluminum enterprise profit was 5,303.36 yuan, up 66.42 yuan from T - 1 [1]. - The domestic aluminum ingot social inventory was 61.40 tons, up 0.90 tons from T - 1 [1]. Alumina - The domestic average alumina price was 2,900 yuan, down 6 yuan from T - 1 [1]. - The alumina price at Lianyungang's CIF was 342 US dollars/ton, unchanged from T - 1 [1]. Aluminum Alloy - The theoretical profit of ADC12 was - 25 yuan, down 36 yuan from T - 1 [1]. - The price of Baotai ADC12 was 20,900 yuan, up 100 yuan from T - 1 [1]. Other Information - The Chinese finance minister stated that no new implicit debts would be added, and efforts would be made to implement the debt - resolution package and reform local financing platforms [3]. - The US job market showed signs of cooling, with the number of corporate lay - offs reaching a new high since 2020 [3].