Core Viewpoint - The LME aluminum futures prices are experiencing high volatility, with a slight decline observed on October 24, 2023, after reaching a peak earlier in the trading session [1] LME Aluminum Futures Market Review - On October 23, 2023, LME aluminum opened at $2805.0 per ton, peaked at $2874.5, and closed at $2865.0, reflecting a 2.12% increase [1] - The trading session on October 24 opened at $2863 per ton and is currently at $2851 per ton, showing a decrease of 0.49% [1] Aluminum Market News - As of October 23, 2023, LME registered aluminum warrants totaled 405,650 tons, with canceled warrants at 72,025 tons, a reduction of 4,850 tons [1] - The total aluminum inventory stands at 477,675 tons, also down by 4,850 tons [1] - The Shanghai-London aluminum price ratio on October 23 was 7.51, with an import loss of -2,394.73 yuan per ton, compared to -2,368.22 yuan per ton on the previous trading day [1] - The Shanghai Futures Exchange aluminum warrants amounted to 66,894 tons, a decrease of 376 tons from the previous trading day [1]

Core Viewpoint - The LME aluminum futures prices are showing a strong upward trend, with current trading prices around $2812.5 per ton, reflecting a 0.25% increase from the opening price [1] LME Aluminum Futures Market Review - On October 22, LME aluminum futures opened at $2780.0, reached a high of $2822.0, and closed at $2805.5, marking an increase of 0.88% [1] - The trading range for LME aluminum on October 22 was between $2775.0 and $2822.0 [1] Aluminum Market News - As of October 22, LME registered aluminum warrants totaled 405,650 tons, with canceled warrants decreasing by 1,600 tons to 76,875 tons [1] - The total aluminum inventory at LME was reported at 482,525 tons, also reflecting a decrease of 1,600 tons [1] - The ratio of electrolytic aluminum spot prices between Shanghai and London was recorded at 7.52, with the import loss calculated at -2,368.22 yuan per ton, compared to -2,263.34 yuan per ton on the previous trading day [1] - On the same day, the Shanghai Futures Exchange reported aluminum warrants at 67,270 tons, a decrease of 2,127 tons from the previous trading day [1]

Core Insights - Marubeni Corp reports that aluminum inventory at Japan's three major ports is expected to rise to 341,300 tons by the end of September 2025, reflecting a 1.8% increase from the previous month [1] - The inventory situation shows a decline in Yokohama, while Nagoya and Osaka have seen increases [1] - Ongoing low demand has led to prolonged negotiations for aluminum premiums in Japan's fourth quarter [1] Inventory Data - As of 2019, the aluminum inventory levels at Japan's three major ports have been tracked, with specific figures provided in tons [3]

Core Viewpoint - The LME aluminum futures prices are experiencing fluctuations within a high range, with recent trading showing slight increases and a stable market environment [1][2]. Group 1: Market Performance - On October 15, LME aluminum futures opened at $2739.5 per ton and are currently at $2748.5 per ton, reflecting a 0.42% increase, with intraday highs of $2754 per ton and lows of $2735.5 per ton [1]. - On October 14, LME aluminum futures had a closing price of $2737.0 per ton, down 0.73% from the previous day, with an opening price of $2759.5 per ton and a high of $2778.5 per ton [2]. Group 2: Inventory and Import Data - As of October 14, the LME registered aluminum warehouse receipts totaled 405,700 tons, with canceled receipts at 98,250 tons, a decrease of 2,050 tons [2]. - The total aluminum inventory at LME is reported at 503,950 tons, also reflecting a decrease of 2,050 tons [2]. - The import loss for electrolytic aluminum on October 14 was -2,345.43 yuan per ton, an improvement from the previous day's loss of -2,475.83 yuan per ton [2].

Core Viewpoint - The London Metal Exchange (LME) aluminum futures prices are showing a strong performance, with a slight increase observed on October 14, 2023, indicating a stable market trend for aluminum [1] LME Aluminum Futures Market Review - On October 14, 2023, LME aluminum futures opened at $2759.5 per ton and are currently at $2763 per ton, reflecting a 0.22% increase. The intraday high reached $2770.5 per ton, while the lowest point was $2759 per ton [1] - On October 13, 2023, the LME aluminum futures had the following prices: opening at $2754.0, reaching a high of $2775.5, a low of $2744.0, and closing at $2757.0, which is a 0.40% increase [1] Aluminum Market News - As of October 13, 2023, the registered aluminum warehouse receipts at the LME totaled 405,700 tons, with 100,300 tons being canceled, resulting in a decrease of 2,825 tons. The total aluminum inventory stands at 506,000 tons, also down by 2,825 tons [1] - On the same day, the Shanghai Futures Exchange reported aluminum warehouse receipts of 63,151 tons, which is an increase of 4,032 tons compared to the previous trading day [1] - The electrolytic aluminum spot price ratio between Shanghai and London was recorded at 7.55, with the import profit and loss standing at -2,475.83 yuan per ton, compared to -2,395.89 yuan per ton on the previous trading day [1]

Group 1 - The core viewpoint of the news is that LME aluminum futures prices are experiencing weak fluctuations at high levels, with a current price of $2778.5 per ton, reflecting a slight decline of 0.14% from the opening price [1] Group 2 - On October 9, LME aluminum futures opened at $2749.0, reached a high of $2807.5, and closed at $2782.5, marking an increase of 1.13% [2] - As of October 9, the Shanghai Futures Exchange reported aluminum warehouse receipts of 58,894 tons, a decrease of 227 tons compared to the previous trading day [2] - The electrolytic aluminum spot price ratio between Shanghai and London was 7.56, with an import loss of -2,375.01 yuan per ton, compared to -1,686.9 yuan per ton on the previous trading day [2] - LME registered aluminum warehouse receipts totaled 403,475 tons, with canceled receipts decreasing by 2,500 tons, and total aluminum inventory increased by 2,200 tons to 508,600 tons [2]

Core Insights - LME aluminum futures prices experienced a slight decline, opening at $2651.5 per ton and currently trading at $2648.5 per ton, reflecting a decrease of 0.23% [1] - On September 24, LME aluminum futures closed at $2654.5 per ton, with a daily increase of 0.32% [2] Price Movements - The highest price during the trading session was $2658.5 per ton, while the lowest was $2644 per ton [1] - On September 24, the opening price was $2642.5, with a peak of $2660.0 and a low of $2625.5 [2] Market Data - The electrolytic aluminum spot price ratio between Shanghai and London was reported at 7.83, indicating an import loss of ¥1500.91 per ton, slightly improved from the previous day's loss of ¥1541.34 per ton [2] - As of September 24, the Shanghai Futures Exchange held aluminum warehouse receipts totaling 67,736 tons, a decrease of 1,224 tons from the previous trading day [2] - LME registered aluminum warehouse receipts stood at 407,375 tons, with canceled receipts at 109,775 tons, a reduction of 1,425 tons, while total aluminum inventory increased by 3,300 tons to reach 517,150 tons [2]

Group 1 - LME aluminum futures prices are experiencing weak fluctuations, opening at $2652.5 per ton and currently at $2646 per ton, with a decline of 0.34% [1] - On September 22, LME aluminum futures closed at $2655 per ton, down 0.78% from the previous day, with a trading range of $2635 to $2682.5 per ton [2] - The current inventory of aluminum at LME is 513,900 tons, with registered warrants at 404,675 tons and canceled warrants at 109,225 tons, remaining unchanged [2] Group 2 - The electrolytic aluminum spot price ratio between Shanghai and London is 7.74, indicating an import loss of 1,783.63 yuan per ton, slightly improved from a loss of 1,850.55 yuan per ton the previous trading day [2] - The Shanghai Futures Exchange (SHFE) aluminum futures warehouse receipts decreased by 1,198 tons from the previous trading day, totaling 70,761 tons [2]

Core Viewpoint - The LME aluminum futures prices are experiencing fluctuations, with a slight decline observed on September 16, 2023, following a mixed performance on September 15, 2023 [1][2]. Group 1: Price Movements - On September 16, 2023, LME aluminum futures opened at $2701 per ton and are currently at $2691 per ton, reflecting a decrease of 0.50%. The intraday high reached $2703 per ton, while the low was $2691 per ton [1]. - On September 15, 2023, LME aluminum futures opened at $2698.0 per ton, with a high of $2705.0 per ton and a low of $2680.0 per ton, closing at $2704.5 per ton, marking a slight increase of 0.13% [2]. Group 2: Inventory and Market Data - As of September 15, 2023, the Shanghai Futures Exchange reported aluminum warehouse receipts of 75,085 tons, an increase of 2,616 tons compared to the previous trading day [2]. - The LME reported aluminum registered warehouse receipts at 375,025 tons and canceled warehouse receipts at 110,250 tons, remaining unchanged. The total aluminum inventory stood at 485,275 tons, also unchanged [2]. - The electrolytic aluminum spot price ratio between Shanghai and London was recorded at 7.76, with the import profit and loss at -1,745.0 yuan per ton, compared to -1,373.78 yuan per ton on the previous trading day [2].

Core Insights - LME aluminum inventory has stabilized after a slight increase, currently at 485,275 tons, marking a near six-month high [1] - SHFE aluminum inventory rose by 3.56% to 128,499 tons, reaching a new three-month high [1] Inventory Trends - LME aluminum inventory has remained unchanged for four consecutive days after a slight increase [1] - SHFE aluminum inventory data shows a weekly increase, indicating a trend reversal in the domestic market [1][3] Comparative Data - As of September 12, 2025, LME and SHFE aluminum inventories are 485,275 tons and 128,499 tons respectively, with LME showing a consistent level over the past week [5] - Historical data indicates fluctuations in both LME and SHFE inventories, with LME inventory peaking at 485,275 tons recently [4][5]