Core Viewpoint - The LME aluminum futures prices experienced slight fluctuations, with a current price of $2939 per ton, reflecting a decrease of 0.09% from the opening price [1] Group 1: LME Aluminum Futures Market - On December 22, LME aluminum futures opened at $2955.0, reached a high of $2968.0, and closed at $2941.0, marking a decline of 0.49% [1] - The trading range for December 23 saw prices fluctuate between a high of $2945.5 and a low of $2926 [1] Group 2: Global Aluminum Production Data - According to the International Aluminum Institute (IAI), global primary aluminum production in November 2025 was 6.086 million tons, up from 6.058 million tons in the same month last year, but down from a revised figure of 6.292 million tons from the previous month [1] - China's primary aluminum production for November is estimated at 3.647 million tons, a decrease from the revised figure of 3.766 million tons from the previous month [1] Group 3: Market Indicators - As of December 22, the electrolytic aluminum spot price ratio between Shanghai and London was 7.43, with an import loss of -2466.39 yuan per ton, compared to -2148.39 yuan per ton from the previous trading day [1] - The LME reported aluminum registered warrants at 445,200 tons, with canceled warrants increasing by 600 tons to a total of 74,400 tons, while aluminum inventory remained stable at 519,600 tons [1]

Group 1 - The LME aluminum futures prices showed a slight upward trend, opening at $2607.5 per ton and currently trading at $2610.5 per ton, with a gain of 0.17% [1] - The highest price during the trading session reached $2611.5 per ton, while the lowest dipped to $2605.5 per ton [1] Group 2 - On July 29, LME aluminum futures opened at $2634.0, with a closing price of $2607.0, reflecting a decrease of 0.89% [2] - The registered aluminum warehouse receipts totaled 441,600 tons, with 14,500 tons canceled, resulting in a net decrease of 475 tons; total aluminum inventory increased by 1,825 tons to 456,100 tons [2] - The Shanghai Futures Exchange reported aluminum warehouse receipts of 53,074 tons, a decrease of 524 tons compared to the previous trading day [2] - The electrolytic aluminum spot price ratio between Shanghai and London was 7.89, with an import loss of 1,577.29 yuan per ton, improving from a loss of 1,664.71 yuan per ton on the previous trading day [2]