铝：震荡偏强，氧化铝：偏弱运行，铸造铝合金：跟随电解铝

Report Industry Investment Rating - Aluminum: Oscillating with a bullish bias [1] - Alumina: Weakening [1] - Cast aluminum alloy: Following the trend of electrolytic aluminum [1] Core Viewpoints - The report updates the fundamental data of aluminum, alumina, and cast aluminum alloy, including prices, trading volumes, open interests, spreads, and inventory levels [1] - The trend intensities of aluminum, alumina, and aluminum alloy are 1, -1, and 1 respectively, indicating a bullish view on aluminum and aluminum alloy and a bearish view on alumina [2] Summary by Relevant Catalogs Futures Market - The closing price of the main contract of SHFE aluminum is 21,630, up 235 from the previous trading day [1] - The closing price of the main contract of SHFE alumina is 2,787, up 15 from the previous trading day [1] - The closing price of the main contract of aluminum alloy is 21,095, up 265 from the previous trading day [1] Spot Market - The average domestic alumina price is 2,879, down 2 from the previous trading day [1] - The CIF price of alumina at Lianyungang is 341 US dollars per ton, down 1 from the previous trading day [1] - The FOB price of Australian alumina is 317 US dollars per ton, down 1 from the previous trading day [1] Inventory - The domestic social inventory of aluminum ingots is 607,000 tons, down 7,000 tons from the previous trading day [1] - The warehouse receipts of aluminum ingots on the SHFE are 64,000 tons, down 200 tons from the previous trading day [1] - The LME aluminum inventory is 548,400 tons, down 2,100 tons from the previous trading day [1] Other Information - The US corporate lay - offs in October reached 153,074, a year - on - year increase of 175.3%, the highest level in 20 years [2] - Dalio believes that the Fed's potential return to QE in a market with a large bubble may lead to a repeat of the liquidity frenzy before the 1999 bubble burst [2]