Core Viewpoint - The launch of casting aluminum alloy futures and options in China aims to establish a transparent and efficient pricing mechanism, enhancing risk management capabilities within the aluminum industry and promoting sustainable development [2]. Group 1: Market Performance - The first day of trading for the main contract AD2511 saw an opening price of 19,400 CNY/ton and a closing price of 19,190 CNY/ton, reflecting an increase of 825 CNY/ton or 4.49% from the listing benchmark price of 18,365 CNY/ton [3]. - A total of 57,300 contracts were traded, amounting to 11.011 billion CNY, with an open interest of 11,500 contracts [3]. Group 2: Investor Sentiment and Price Expectations - Analysts noted that the initial high opening was due to the low benchmark price set by the exchange, leading to a narrow trading range and a back structure in the market, indicating a consensus among investors regarding a bearish outlook for future prices [3]. - The expected price range for the AD2511 contract is projected to be between 18,000 CNY/ton and 19,700 CNY/ton, influenced by supply pressures and cost support [4]. Group 3: Industry Outlook - The aluminum alloy production capacity is anticipated to continue increasing, with demand primarily driven by the automotive sector, likely resulting in a supply surplus [3]. - The current spot price for ADC12 is estimated to be between 19,500 CNY/ton and 20,000 CNY/ton, with production costs around 20,086 CNY/ton, suggesting potential buying opportunities at lower prices [4].