Report Industry Investment Rating - Not provided in the given content Core Viewpoints - Aluminum has an expected upward space, alumina has support at the bottom, and cast aluminum alloy follows the trend of electrolytic aluminum [1] Summary by Relevant Catalogs Aluminum - **Futures Market**: The closing price of the Shanghai Aluminum main contract was 21,625, down 5 from the previous trading day, up 325 from a week ago, up 940 from a month ago, and up 1,210 from three months ago. The trading volume was 245,135, and the open interest was 365,196. The closing price of LME Aluminum 3M was 2,862, up 19 from the previous trading day. The LME canceled warrant ratio was 7.22%, down 0.33% from the previous trading day [1] - **Spot Market**: The domestic aluminum ingot social inventory was 607,000 tons, unchanged from the previous trading day. The SHFE aluminum ingot warrant was 63,800 tons, down 200 tons from the previous trading day. The LME aluminum ingot inventory was 549,200 tons, up 900 tons from the previous trading day [1] - **Cost and Profit**: The pre - baked anode market price was 5,887, unchanged from the previous trading day. The electrolytic aluminum enterprise profit was 5,426.50, up 182.40 from the previous trading day. The aluminum spot import loss was 1,870.05, and the 3M import loss was 1,778.71 [1] Alumina - **Futures Market**: The closing price of the Shanghai Alumina main contract was 2,783, down 4 from the previous trading day. The trading volume was 177,560, and the open interest was 419,574 [1] - **Spot Market**: The domestic average alumina price was 2,873, and the Lianyungang CIF price was 2,885 yuan/ton [1] - **Cost and Profit**: The profit of Shanxi alumina enterprises was - 94 [1] Cast Aluminum Alloy - **Futures Market**: The closing price of the aluminum alloy main contract was 21,010, down 85 from the previous trading day. The trading volume was 4,610, and the open interest was 14,956 [1] - **Cost and Profit**: The theoretical profit of Baotai ADC12 was - 90 [1] Macroeconomic News - In China, the CPI in October increased by 0.2% year - on - year, the core CPI reached the highest level since March 2024, and the PPI increased month - on - month for the first time this year. In the US, the release of the CPI report was postponed, which may affect the Fed's decision on interest rates in December [3] Trend Intensity - The trend intensity of aluminum, alumina, and aluminum alloy is all 0, indicating a neutral trend [3]