铝：重心显著上行，氧化铝：资金风偏推动铸造，铝合金：跟随铝价

Report Summary 1. Report Industry Investment Rating - The trend strength of aluminum is 1, indicating a relatively strong trend; the trend strength of alumina is 0, indicating a neutral trend; the trend strength of aluminum alloy is 1, indicating a relatively strong trend [2]. 2. Core View of the Report - The price center of aluminum is expected to rise significantly; the price of alumina is driven by capital risk preference; the price of cast aluminum alloy follows the price of aluminum [1]. 3. Summary by Corresponding Catalogs 3.1 Futures Market - Aluminum Futures: The closing price of the SHFE aluminum main contract is 24,330 yuan, up 1,405 yuan from a week ago; the closing price of the LME aluminum 3M contract is 3,149 US dollars, up 152 US dollars from a week ago. The trading volume and open interest of the SHFE aluminum main contract have decreased compared with the previous trading day [1]. - Alumina Futures: The closing price of the SHFE alumina main contract is 2,843 yuan, down 20 yuan from the previous trading day; the trading volume of the SHFE alumina main contract has decreased compared with the previous trading day, while the open interest has increased [1]. - Aluminum Alloy Futures: The closing price of the aluminum alloy main contract is 22,985 yuan, up 400 yuan from the previous trading day; the trading volume and open interest of the aluminum alloy main contract have increased compared with the previous trading day [1]. 3.2 Spot Market - Aluminum Spot: The spot premium is -100 yuan, up 50 yuan from the previous trading day; the aluminum ingot scrap price difference is 1,576 yuan, up 20 yuan from the previous trading day. The social inventory of domestic aluminum ingots is 718,000 tons, unchanged from the previous trading day [1]. - Alumina Spot: The average domestic alumina price is 2,693 yuan, unchanged from the previous trading day; the CIF price of alumina in Lianyungang is 334 US dollars/ton, unchanged from the previous trading day [1]. - Aluminum Alloy Spot: The theoretical profit of ADC12 is 312 yuan, unchanged from the previous trading day; the price of Baotai ADC12 is 23,300 yuan, unchanged from the previous trading day [1].