铝：震荡偏强，氧化铝：逢高沽空，铸造铝合金：跟随电解铝

Report Industry Investment Rating - Aluminum: Oscillating with a bullish bias [1] - Alumina: Sell on rallies [1] - Cast aluminum alloy: Follow the trend of electrolytic aluminum [1] Core Viewpoints - The report provides a comprehensive update on the fundamentals of aluminum, alumina, and cast aluminum alloy, including price, volume, inventory, and cost data [1]. - It also presents the trend strength of aluminum, alumina, and aluminum alloy, with aluminum and aluminum alloy having a trend strength of 1, and alumina having a trend strength of 0 [3]. Summary by Related Catalogs Futures Market - Aluminum: The closing price of the Shanghai aluminum main contract was 25,640, up 1,335 from the previous day. The LME aluminum 3M closing price was 3,264, up 51. The trading volume of the Shanghai aluminum main contract was 937,111, and the open interest was 362,833 [1]. - Alumina: The closing price of the Shanghai alumina main contract was 2,811, up 77. The trading volume was 873,641, and the open interest was 466,716 [1]. - Aluminum Alloy: The closing price of the aluminum alloy main contract was 23,785, up 730. The trading volume was 23,390, and the open interest was 8,845 [1]. Spot Market - Aluminum: The domestic aluminum ingot social inventory was 796,000 tons, unchanged from the previous day. The LME aluminum ingot inventory was 500,000 tons, down 2,300 tons [1]. - Alumina: The domestic average alumina price was 2,648, down 1. The Australian alumina FOB price was $308 per ton, unchanged [1]. - Aluminum Alloy: The price of Baotai ADC12 was 23,700, up 200. The three - place inventory totaled 41,545, down 155 [1]. Other Information - Comprehensive News: Ray Dalio warns that the US is on the verge of the "collapse of the existing order" in the "debt big cycle". The tension between the US and Canada has escalated, which may pose challenges to the US - Mexico - Canada trade agreement review negotiations [3]. - Trend Strength: The trend strength of aluminum and aluminum alloy is 1, and the trend strength of alumina is 0 [3].