Report Industry Investment Rating - Not provided in the given content Core Viewpoints - Aluminum is expected to trade at high levels with high volatility, alumina is predicted to operate weakly, and cast aluminum alloy will follow the trend of electrolytic aluminum [1] Summary by Related Catalogs Futures Market - The closing price of the main Shanghai aluminum contract was 25,590, down 50 from the previous trading day, up 1,535 from a week ago, up 3,405 from a month ago, and up 4,730 from three months ago. The night - session closing price was 24,935. The LME aluminum 3M closing price was 3,234, down 30 from the previous trading day, up 96 from a week ago, up 278 from a month ago, and up 497 from three months ago [1] - The trading volume of the main Shanghai aluminum contract was 1,013,509, an increase of 76,398 from the previous trading day, an increase of 657,707 from a week ago, an increase of 787,888 from a month ago, and an increase of 887,083 from three months ago. The open interest was 342,527, a decrease of 20,306 from the previous trading day, an increase of 4,567 from a week ago, an increase of 27,434 from a month ago, and an increase of 183,348 from three months ago [1] - The closing price of the main Shanghai alumina contract was 2,816, and the night - session closing price was 2,783. The trading volume was 833,895, a decrease of 39,746 from the previous trading day, an increase of 269,738 from a week ago, an increase of 635,849 from a month ago, and an increase of 600,606 from three months ago. The open interest was 468,246, an increase of 1,530 from the previous trading day, a decrease of 20,892 from a week ago, an increase of 305,892 from a month ago, and an increase of 111,873 from three months ago [1] - The closing price of the main aluminum alloy contract was 23,850, and the night - session closing price was 23,165. The trading volume was 24,936, an increase of 1,546 from the previous trading day. The open interest was 7,725, a decrease of 1,120 from the previous trading day and a decrease of 10,189 from a week ago [1] Spot Market - The domestic average price of alumina was 2,648, unchanged from the previous trading day, down 9 from a week ago, down 110 from a month ago, and down 333 from three months ago. The CIF price at Lianyungang was 330 US dollars per ton (2,720 yuan per ton), unchanged from the previous trading day, up 1 US dollar per ton from a week ago, down 5 US dollars per ton from a month ago, and down 16 US dollars per ton from three months ago. The FOB price of Australian alumina was 308 US dollars per ton, unchanged from the previous trading day, down 5 US dollars per ton from a month ago, and down 15 US dollars per ton from three months ago [1] - The price of Australian imported bauxite (Al:48 - 50%, Si:8 - 10%) was 60 US dollars per ton, unchanged from the previous trading day, down 8 US dollars per ton from a month ago, and down 9 US dollars per ton from three months ago. The price of Indonesian imported bauxite (Al:45 - 47%, Si:4 - 6%) was unchanged. The price of Guinean imported bauxite (Al:43 - 45%, Si:2 - 3%) was 62 US dollars per ton, unchanged from the previous trading day, down 1 US dollar per ton from a week ago, down 8 US dollars per ton from a month ago, and down 12 US dollars per ton from three months ago. The price of Yangquan bauxite was 500 yuan per ton, down 10 yuan per ton from the previous trading day, down 30 yuan per ton from a week ago, down 20 yuan per ton from a month ago, and down 50 yuan per ton from three months ago [1] - The pre - baked anode market price was 6,087, unchanged from the previous trading day, unchanged from a week ago, down 100 from a month ago, and up 422 from three months ago. The processing fee of Foshan aluminum rods was - 20, down 140 from the previous trading day, down 90 from a week ago, down 420 from a month ago, and down 280 from three months ago. The processing fee of Shandong 1A60 aluminum rods was 200, unchanged from the previous trading day, unchanged from a week ago, unchanged from a month ago, and down 50 from three months ago [1] - The refined - scrap spread of aluminum ingots was 1,371, an increase of 174 from the previous trading day, a decrease of 15 from a week ago, an increase of 816 from a month ago, and an increase of 1,126 from three months ago [1] Inventory - The domestic social inventory of aluminum ingots was 800,000 tons, an increase of 4,000 tons from the previous trading day, an increase of 32,000 tons from a week ago, an increase of 239,000 tons from a month ago, and an increase of 158,000 tons from three months ago. The warehouse receipts of aluminum ingots on the Shanghai Futures Exchange were 142,700 tons, a decrease of 100 tons from the previous trading day, an increase of 3,800 tons from a week ago, an increase of 66,500 tons from a month ago, and an increase of 79,500 tons from three months ago. The LME aluminum ingot inventory was 0 tons, a decrease of 500,000 tons from the previous trading day, a decrease of 509,300 tons from a week ago, a decrease of 519,600 tons from a month ago, and a decrease of 504,000 tons from three months ago [1] Profit and Loss - The profit and loss of electrolytic aluminum enterprises was 8,745.89, an increase of 600 from the previous trading day, an increase of 1,137.08 from a week ago, an increase of 3,185.58 from a month ago, and an increase of 4,031.64 from three months ago. The import profit and loss of aluminum spot was - 2,207.28, a decrease of 509.12 from the previous trading day, unchanged from a week ago, a decrease of 340.49 from a month ago, and a decrease of 112.72 from three months ago. The import profit and loss of aluminum 3M was - 1,380.63, an increase of 17.61 from the previous trading day, an increase of 198.79 from a week ago, an increase of 460.01 from a month ago, and an increase of 457.41 from three months ago. The export profit and loss of aluminum sheets and coils was 3,822.36, a decrease of 19.83 from the previous trading day, an increase of 478.52 from a week ago, an increase of 46.89 from a month ago, and an increase of 695.42 from three months ago [1] - The profit and loss of Shanxi alumina enterprises was - 167, unchanged from the previous trading day, an increase of 44 from a week ago, a decrease of 35 from a month ago, and a decrease of 130 from three months ago [1] - The theoretical profit of ADC12 was 426, and the price of Baotai ADC12 aluminum alloy was 24,000, an increase of 300 from the previous trading day, an increase of 700 from a week ago, an increase of 2,800 from a month ago, and an increase of 3,500 from three months ago. The price difference between Baotai ADC12 and A00 was - 860, a decrease of 300 from the previous trading day, a decrease of 420 from a week ago, a decrease of 240 from a month ago, and a decrease of 460 from three months ago [1] Other Information - The trend strength of aluminum is 1, alumina is 0, and aluminum alloy is 1. The trend strength ranges from - 2 to 2, with - 2 being the most bearish and 2 being the most bullish [3]