铝：小幅承压，氧化铝：震荡下行，铸造铝合金：跟随电解铝

Report Investment Ratings - Aluminum: Slightly under pressure [1] - Alumina: Oscillating downward [1] - Cast aluminum alloy: Following electrolytic aluminum [1] Core Views - In 2025, China's total social financing increment exceeded 35 trillion yuan, and RMB loans increased by 16.27 trillion yuan. The moderately loose monetary policy effectively supported the stable growth of the real economy [2] - The Pentagon is moving a carrier strike group to the Middle East, and Iran temporarily closed its airspace [2] Summary by Related Catalogs Aluminum Futures Market - The closing price of the main SHFE aluminum contract was 24,375 yuan, down 220 yuan from the previous day [1] - The closing price of LME aluminum 3M was 3,172 US dollars, down 18 US dollars from the previous day [1] - The trading volume of the main SHFE aluminum contract was 766,880 lots, down 10,827 lots from the previous day [1] Alumina Futures Market - The closing price of the main SHFE alumina contract was 2,789 yuan, down 11 yuan from the previous day [1] - The trading volume of the main SHFE alumina contract was 618,962 lots, down 72,332 lots from the previous day [1] Aluminum Alloy Futures Market - The closing price of the main aluminum alloy contract was 23,155 yuan, down 225 yuan from the previous day [1] - The trading volume of the main aluminum alloy contract was 18,793 lots, down 1,010 lots from the previous day [1] Aluminum Spot Market - The domestic social inventory of aluminum ingots was 749,000 tons, up 9,000 tons from the previous day [1] - The inventory of aluminum ingots in the SHFE warehouse was 138,100 tons, up 4,500 tons from the previous day [1] - The inventory of LME aluminum ingots was 490,000 tons, down 2,000 tons from the previous day [1] Alumina Spot Market - The average domestic alumina price was 2,671 yuan, down 10 yuan from the previous day [1] - The CIF price of alumina in Lianyungang was 331 US dollars per ton, unchanged from the previous day [1] Aluminum Bauxite Spot Market - The price of Australian imported bauxite was 62 US dollars per ton, unchanged from the previous day [1] - The price of Indonesian imported bauxite was 40 US dollars per ton, unchanged from the previous day [1] Aluminum Alloy Spot Market - The theoretical profit of ADC12 was 304 yuan, unchanged from the previous day [1] - The inventory of three places in total was 43,511 tons, down 96 tons from the previous day [1] Caustic Soda Spot Market - The price of Shaanxi ion - membrane liquid caustic soda (32% converted to 100%) was 2,325 yuan, unchanged from the previous day [1]