铝：小幅回调，氧化铝：横盘震荡，铸造铝合金：跟随电解铝

1. Report Industry Investment Rating - Not mentioned in the provided content 2. Core Viewpoints - The aluminum market is expected to experience a slight correction, the alumina market will move sideways, and the cast aluminum alloy market will follow the trend of electrolytic aluminum [1] 3. Summary According to Relevant Catalogs 3.1 Futures Market - Aluminum: The closing price of the Shanghai Aluminum main contract is 24,815, with a change of 20 compared to T - 1. The trading volume is 717,295, and the open interest is 251,449. The LME Aluminum 3M closing price is 3,293, with a change of -43. The LME注销仓单占比 is 17.87%, down 0.36% [1] - Alumina: The closing price of the Shanghai Alumina main contract is 2,800, with a change of 18. The trading volume is 488,920, and the open interest is 308,472. The spread between the near - month contract and the first - continuous contract is -7 [1] - Aluminum Alloy: The closing price of the aluminum alloy main contract is 23,420, with a change of 20. The trading volume is 10,735, and the open interest is 6,402. The spread between the near - month contract and the first - continuous contract is 180 [1] 3.2 Spot Market - Aluminum: The aluminum spot import profit and loss is -2,882.21, with a change of -310.85. The domestic aluminum ingot social inventory is 1270,000 tons, an increase of 24,000 tons [1] - Alumina: The average domestic alumina price is 2,673, with a change of 0. The alumina Lianyungang CIF price is 328 US dollars per ton, with a change of 0 [1] - Aluminum Alloy: The three - place inventory total is 37,727, a decrease of 1,216 [1] 3.3 Other Information - Policy and Market News: In 2026, the economic growth target is 4.5% - 5%, the goal of new urban employment is more than 1.2 million people, the CPI increase is about 2%, and the deficit ratio is planned to be about 4%. The Japanese central bank may keep the March interest rate unchanged, and the option of raising interest rates in April is still under consideration [3] - Trend Intensity: The trend intensity of aluminum, alumina, and aluminum alloy is all 0, indicating a neutral trend [3]