铝:震荡偏强,氧化铝:底部震荡,铸造铝合金:跟随电解铝
Guo Tai Jun An Qi Huo·2025-11-14 13:54
- Report Industry Investment Ratings - Aluminum: Oscillating with an upward bias [1] - Alumina: Bottom - oscillating [1] - Cast aluminum alloy: Following the trend of electrolytic aluminum [1] 2. Core Views - The report updates the fundamental data of aluminum, alumina, and cast aluminum alloy, including futures and spot market prices, trading volumes, positions, spreads, and inventory data [1]. - It also presents relevant macro - news such as China's October social financing and loan data, and the end of the US government shutdown [3]. - The trend intensities of aluminum, alumina, and aluminum alloy are provided, with aluminum and alloy at 1 (indicating a certain upward trend), and alumina at 0 (neutral) [3]. 3. Summaries by Related Catalogs Futures Market Electrolytic Aluminum - The closing price of the Shanghai Aluminum main contract was 22,050, up 170 from T - 1, 420 from T - 5, 1320 from T - 22, and 1260 from T - 66 [1]. - The LME Aluminum 3M closing price was 2,886, unchanged from T - 1, up 43 from T - 5, 216 from T - 22, and 247 from T - 66 [1]. - The trading volume of the Shanghai Aluminum main contract was 295,292, up 71,494 from T - 1 [1]. Alumina - The closing price of the Shanghai Alumina main contract was 2,840, up 19 from T - 1 [1]. - The trading volume of the Shanghai Alumina main contract was 299,017, up 31,054 from T - 1 [1]. Aluminum Alloy - The closing price of the aluminum alloy main contract was 21,340, up 95 from T - 1 and 245 from T - 5 [1]. - The trading volume of the aluminum alloy main contract was 9,674, up 3,394 from T - 1 [1]. Spot Market Electrolytic Aluminum - The domestic social inventory of aluminum ingots was 614,000 tons, down 2,000 tons from T - 1 [1]. - The LME aluminum ingot inventory was 553,200 tons, up 9,100 tons from T - 1 [1]. Alumina - The average domestic alumina price was 2,868, unchanged from T - 1 [1]. - The CIF price of alumina in Lianyungang was 346 US dollars per ton, unchanged from T - 1 [1]. Aluminum Alloy - The theoretical profit of ADC12 was - 142, down 57 from T - 1 [1]. - The price of Baotai ADC12 was 21,100, up 100 from T - 1 [1]. Macro - news - China's new social financing in October was 810 billion yuan, and new RMB loans were 220 billion yuan. The M2 - M1 gap widened to 2.0 percentage points from 1.2 in the previous month [3]. - The US House of Representatives passed a temporary appropriation bill, ending the government shutdown. The six - week shutdown was estimated to reduce Q4 GDP by 1.5 percentage points and cause a net loss of about 1.1 billion US dollars [3]