铝：区间震荡，氧化铝：震荡下跌，铸造铝合金：承压下行

Report Industry Investment Ratings - Aluminum: Range-bound oscillation [1] - Alumina: Oscillating downward [1] - Cast aluminum alloy: Under pressure and moving downward [1] Core Views of the Report - The report updates the fundamental data of aluminum, alumina, and cast aluminum alloy, including futures and spot market prices, trading volumes, positions, spreads, inventory levels, and corporate profitability [1]. - "Shadow Fed Chair" Hassett believes the Fed has "ample room" to cut interest rates by more than 25 basis points, and would adhere to his own judgment if appointed Fed Chair. He also stated that if inflation rises from 2.5% to 4%, rate cuts would not be possible [3]. - The US October JOLTS report shows that job openings rose to a five - month high, but hiring decreased and layoffs reached a more than two - year high. Economists think the labor market is slowing, and the Fed currently does not view it as a source of inflationary pressure [3]. Summary by Relevant Catalogs Futures Market - Aluminum Futures: The closing price of the SHFE aluminum main contract was 21,775, down 500 from the previous day; the LME aluminum 3M closing price was 2,846, down 41. Trading volume and open interest showed different trends compared to previous periods [1]. - Alumina Futures: The closing price of the SHFE alumina main contract was 2,546, down 39 from the previous day. Trading volume and open interest also changed compared to previous periods [1]. - Aluminum Alloy Futures: The closing price of the aluminum alloy main contract was 20,810, down 325 from the previous day. Trading volume and open interest had corresponding changes [1]. Spot Market - Aluminum Spot: The domestic aluminum ingot social inventory was 591,000 tons, unchanged from the previous day; the LME aluminum ingot inventory was 523,300 tons, down 2,500 tons from the previous day. Aluminum spot import and export profitability showed different trends [1]. - Alumina Spot: The average domestic alumina price was 2,816, down 5 from the previous day. The alumina prices at Lianyungang and in Australia also had corresponding changes [1]. - Aluminum Alloy Spot: The theoretical profit of ADC12 was -347, down 5 from the previous day. The price of Baotai ADC12 was 21,000, unchanged from the previous day [1]. Other Information - The trend intensities of aluminum, alumina, and aluminum alloy are all 0, indicating a neutral outlook [3].