铝：偏强运行，氧化铝：底部反弹，铸造铝合金：跟随电解铝

Report Industry Investment Ratings - Aluminum: Bullish [1] - Alumina: Rebounding from the bottom [1] - Cast aluminum alloy: Following the trend of electrolytic aluminum [1] Core Viewpoints - The US employment market shows signs of stabilization with the October ADP employment increase exceeding expectations, while wage growth remains stagnant. The US October ISM services PMI rebounds above expectations, reaching an eight - month high, but inflation pressure becomes more evident [2] - The trend intensities of aluminum, alumina, and aluminum alloy are all neutral [2] Summary by Relevant Catalogs Futures Market Electrolytic Aluminum - The closing price of the Shanghai aluminum main contract is 21,395, down 70 from the previous day; the LME aluminum 3M closing price is 2,846, down 20. The trading volume and open interest of the Shanghai aluminum main contract decreased, and the LME aluminum 3M trading volume also decreased. The LME注销仓单占比 is 7.90%, down 0.35% [1] Alumina - The closing price of the Shanghai alumina main contract is 2,772, up 2. The trading volume increased, and the open interest also increased. The spread between the near - month contract and the first - continuous contract is - 19 [1] Aluminum Alloy - The closing price of the aluminum alloy main contract is 20,830, down 130. The trading volume decreased, and the open interest increased slightly. The spread between the near - month contract and the first - continuous contract is - 125.00 [1] Spot Market - The average domestic alumina price is 2,881, down 15. The price of pre - baked anodes is 5,887, unchanged. The processing fees of aluminum rods and bars in some regions have different changes, and the alumina price in some import regions also shows different trends [1] Calculation - The profit of electrolytic aluminum enterprises is 5,176.88, down 132.78. The profit of ADC12 is - 99, down 53. The export profit of aluminum sheets and coils is 3,713.74, down 316.86 [1]