Core Viewpoint - The LME aluminum futures prices are showing a strong performance, with a current price of $2814 per ton, reflecting a 0.46% increase from the previous trading day [1] Group 1: LME Aluminum Futures Performance - On November 20, LME aluminum futures opened at $2815 per ton and reached a high of $2827 per ton and a low of $2813.5 per ton during the trading session [1] - On November 19, the LME aluminum futures closed at $2814.5 per ton, with a daily increase of 0.90% [1] Group 2: Market Data and Indicators - The electrolytic aluminum spot price ratio between Shanghai and London was reported at 7.67 on November 19, indicating an import loss of -1628.73 yuan per ton, compared to -1597.48 yuan per ton on the previous trading day [1] - As of November 19, the Shanghai Futures Exchange held aluminum warehouse receipts totaling 69,484 tons, remaining unchanged from the previous trading day [1] - The LME reported aluminum registered warehouse receipts at 490,775 tons, with canceled receipts at 55,300 tons, resulting in an increase of 29,450 tons. Total aluminum inventory decreased by 2,000 tons to 546,075 tons [1]

Group 1 - LME aluminum futures prices continued to rise, opening at $2868 per ton and currently at $2878.5 per ton, with an increase of 0.14% [1] - The highest price during the day reached $2881.5 per ton, while the lowest was $2868 per ton [1] Group 2 - On October 27, LME aluminum futures opened at $2869.0, peaked at $2889.5, and closed at $2871.5, reflecting a change of 0.53% [2] - As of October 27, the Shanghai Futures Exchange reported aluminum warehouse receipts at 66,293 tons, a decrease of 402 tons from the previous trading day [2] - The LME registered aluminum warehouse receipts totaled 404,675 tons, with canceled receipts at 64,600 tons, a reduction of 2,875 tons, and total aluminum inventory at 469,275 tons, down by 3,850 tons [2] - The current ratio of electrolytic aluminum spot prices between Shanghai and London is 7.37, with an import loss of -2,795.79 yuan per ton, compared to -2,941.42 yuan per ton on the previous trading day [2]

Core Viewpoint - The London Metal Exchange (LME) aluminum futures prices continue to rise, with current trading showing slight increases and fluctuations in price levels [1] Group 1: LME Aluminum Futures Performance - On October 22, LME aluminum futures opened at $2780 per ton and are currently at $2782 per ton, reflecting a 0.04% increase [1] - The highest price during the day reached $2782 per ton, while the lowest dipped to $2775 per ton [1] - On October 21, the opening price was $2768 per ton, with a closing price of $2781 per ton, marking a 0.52% increase [1] Group 2: Aluminum Market Updates - As of October 21, the Shanghai Futures Exchange (SHFE) aluminum warehouse receipts totaled 69,397 tons, a decrease of 550 tons compared to the previous trading day [1] - LME registered aluminum warehouse receipts stood at 405,650 tons, with canceled receipts at 78,475 tons, down by 3,000 tons [1] - Total aluminum inventory at LME is reported at 484,125 tons, also a reduction of 3,000 tons [1] Group 3: Import and Export Dynamics - The electrolytic aluminum spot price ratio between Shanghai and London is 7.56, indicating the current import loss of -2,263.34 yuan per ton, an improvement from the previous day's loss of -2,434.4 yuan per ton [1]

Core Insights - The London Metal Exchange (LME) aluminum futures prices continue to rise, opening at $2737 per ton and currently trading at $2760.5 per ton, reflecting a 0.58% increase [1] - On October 15, LME aluminum futures closed at $2744.5 per ton, with a daily increase of 0.27% [2] - The LME registered aluminum warehouse receipts totaled 405,700 tons, with canceled receipts decreasing by 4,975 tons [2] Price Movements - The opening price for LME aluminum futures on October 16 was $2737 per ton, reaching a high of $2762.5 per ton and a low of $2737 per ton during the trading session [1] - On October 15, the highest price recorded was $2760.0 per ton, while the lowest was $2732.5 per ton [2] Market Data - As of October 15, the Shanghai Futures Exchange (SHFE) aluminum warehouse receipts increased by 8,218 tons, totaling 71,394 tons [2] - The current import loss for electrolytic aluminum is reported at -2,360.11 yuan per ton, slightly worsening from -2,345.43 yuan per ton the previous trading day [2] - The total aluminum inventory at LME decreased by 4,975 tons, bringing the total to 498,975 tons [2]

Core Viewpoint - Goldman Sachs predicts that LME aluminum prices will decline from the current $2,700 per ton to a low of $2,350 per ton by Q4 2026, although this low point is higher than the previous forecast of $2,100 per ton in March 2026 [1] Group 1: Price Forecast - The aluminum price is expected to continue its downward trend due to an increase in market surplus, expanding from 400,000 tons in 2025 to 1.5 to 2 million tons in 2026-2027 [1] - The anticipated low price of $2,350 per ton by Q4 2026 indicates a significant decline in the market [1] Group 2: Supply Factors - Increased production from Indonesia is expected to limit the upward potential for aluminum prices [1] - It is projected that aluminum prices will not recover to $2,650 per ton before 2030 [1]

Group 1 - LME aluminum futures prices continued to rise, opening at $2676.5 per ton and currently at $2680.5 per ton, with an increase of 0.06% [1] - The highest price during the trading session reached $2681 per ton, while the lowest dipped to $2673 per ton [1] Group 2 - On September 11, LME aluminum futures opened at $2622.0, peaked at $2679.5, and closed at $2679.0, reflecting a 2.17% increase [2] - The electrolytic aluminum spot price ratio between Shanghai and London was 7.93, with an import loss of -1238.97 yuan per ton, compared to -1302.85 yuan per ton the previous trading day [2] - As of September 11, the Shanghai Futures Exchange had aluminum futures warehouse receipts totaling 65,734 tons, an increase of 797 tons from the previous trading day [2] - LME registered aluminum warehouse receipts stood at 375,025 tons, with canceled receipts at 110,250 tons, remaining unchanged; total aluminum inventory was 485,275 tons, also unchanged [2]

Core Viewpoint - The LME aluminum futures prices continue to decline, with a current price of $2607.5 per ton, reflecting a decrease of 0.29% from the opening price [1] Group 1: LME Aluminum Futures Performance - On August 11, LME aluminum futures opened at $2606 per ton and reached a high of $2615 per ton and a low of $2605 per ton [1] - On August 8, the LME aluminum futures closed at $2614.0 per ton, with a slight increase of 0.15% from the previous day [1] Group 2: Aluminum Market Updates - As of August 8, the registered aluminum warehouse receipts at LME totaled 456,350 tons, with 14,225 tons canceled, remaining unchanged [1] - The total aluminum inventory at LME increased by 1,075 tons to reach 470,575 tons [1] - The electrolytic aluminum spot price ratio between Shanghai and London was 7.9, with an import loss of -1,581.27 yuan per ton, improving from -1,662.79 yuan per ton the previous trading day [1] - On August 8, the Shanghai Futures Exchange aluminum warehouse receipts increased by 1,568 tons to 43,599 tons compared to the previous trading day [1]