节点：中游（冶炼、中间品）位置：中游情绪：利空参考度：10/10
铝价持续偏强但冲高受阻
据光大期货2025年11月18日消息，近期铝相关市场呈现出复杂态势。
隔夜，氧化铝、沪铝、铝合金市场均震荡偏弱。氧化铝AO2601合约收于2790元/吨，跌幅0.36%，持仓增仓20826手至41.1万手；沪铝AL2512合约收于21625元/吨，跌幅0.48%，持仓增仓9409手至38.1万手；铝合金主力AD2512合约收于20850元/吨，跌幅0.6%，持仓减仓145手至13554手。
现货方面，氧化铝价格回落，铝锭现货贴水回归平水，佛山A00报价回跌，铝棒加工费部分地区上调，铝杆加工费有涨有稳，低碳铝杆云南地区下调。
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