Core Insights - LME aluminum inventory has decreased to 539,050 tons, marking a one-month low [1] - Shanghai Futures Exchange (SHFE) aluminum inventory has also declined by 6.82% to 115,277 tons for the week ending November 28 [1] Inventory Trends - LME aluminum inventory has shown a consistent decline, with the latest figures indicating a drop from 541,050 tons on November 27 to 539,050 tons on November 28 [3] - SHFE aluminum inventory decreased from 123,716 tons on November 21 to 115,277 tons on November 28, reflecting a significant reduction [3] - The trend of decreasing inventories in both domestic and international exchanges is generally supportive of aluminum prices, while increasing inventories would have a negative impact [1]

Group 1 - LME aluminum futures prices continue to rise, opening at $2805 per ton and currently at $2809 per ton, with an increase of 0.30% [1] - The highest price during the day reached $2812 per ton, while the lowest dipped to $2804 per ton [1] Group 2 - On November 25, LME aluminum futures opened at $2807.0, peaked at $2828.0, and closed at $2801.0, reflecting a decrease of 0.43% [2] - As of November 25, the Shanghai Futures Exchange reported aluminum warehouse receipts at 67,185 tons, a decrease of 2,098 tons from the previous trading day [2] - LME registered aluminum warehouse receipts totaled 484,100 tons, with canceled receipts at 59,625 tons, a reduction of 2,225 tons [2] - Total aluminum inventory at LME stands at 543,725 tons, also down by 2,225 tons [2] - The current ratio of electrolytic aluminum spot prices between Shanghai and London is 7.6, with an import loss of -1,851.28 yuan per ton, slightly improved from -1,868.06 yuan per ton on the previous trading day [2]

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 are experiencing strong fluctuations, opening at $2888 per ton and currently at $2892.5 per ton, with an increase of 0.29% [1] - The highest price during the trading session reached $2899 per ton, while the lowest dipped to $2880.5 per ton [1] Group 2 - On October 31, LME aluminum futures opened at $2865.0, peaked at $2890.5, and closed at $2886.0, reflecting a change of 0.77% [2] - As of October 31, the Shanghai Futures Exchange reported aluminum warehouse receipts at 64,393 tons, a decrease of 2,025 tons from the previous trading day [2] - The LME registered aluminum warehouse receipts totaled 506,950 tons, with canceled receipts at 51,100 tons, a reduction of 3,750 tons, and total aluminum inventory increased by 98,525 tons to 558,050 tons [2]

Group 1 - LME aluminum futures prices are experiencing a downward trend, opening at $2876.5 per ton and currently at $2868.5 per ton, reflecting a decrease of 0.64% [1] - On October 29, LME aluminum futures closed at $2881.5 per ton, with a daily decline of 0.45% [2] - The latest aluminum inventory in Shanghai is 616,000 tons, which is an increase of 9,000 tons compared to the previous week, indicating a neutral position relative to historical levels [2] Group 2 - As of October 29, the LME registered aluminum warehouse receipts totaled 404,675 tons, with canceled receipts at 58,075 tons, a decrease of 2,900 tons [2] - The total aluminum inventory at LME is 462,750 tons, also reflecting a reduction of 2,900 tons [2] - The Shanghai Futures Exchange reported aluminum warehouse receipts at 66,044 tons, which is a decrease of 199 tons from the previous trading day [2]

Group 1 - LME aluminum futures prices are experiencing high volatility, opening at $2698.5 per ton and currently trading at $2699 per ton, with a decline of 0.22% [1] - The highest price during the trading session reached $2702 per ton, while the lowest dipped to $2694 per ton [1] Group 2 - On September 18, LME aluminum futures opened at $2681.0, peaked at $2705.0, and closed at $2705.0, reflecting a change of 0.58% [2] - The electrolytic aluminum spot price ratio between Shanghai and London was reported at 7.76, with an import loss of ¥-1641.48 per ton, improving from the previous day's loss of ¥-1915.52 per ton [2] - As of September 18, the Shanghai Futures Exchange held aluminum futures warehouse receipts totaling 74,465 tons, unchanged from the previous trading day [2] - LME registered aluminum warehouse receipts amounted to 404,675 tons, with canceled receipts increasing by 475 tons, leading to a total aluminum inventory of 513,900 tons, which rose by 30,125 tons [2]

Core Viewpoint - The London Metal Exchange (LME) aluminum futures prices have continued to rise, with the current price at $2615 per ton, reflecting a 0.42% increase from the opening price [1] LME Aluminum Futures Market Review - On August 27, LME aluminum futures opened at $2635.0, reached a high of $2646.0, a low of $2594.5, and closed at $2603.5, marking a decrease of 1.35% [1] Aluminum Market News - As of August 27, LME registered aluminum warehouse receipts totaled 468,750 tons, with canceled receipts at 12,500 tons, a decrease of 100 tons; total aluminum inventory increased by 3,175 tons to 481,250 tons [1] - On the same day, the Shanghai Futures Exchange (SHFE) aluminum warehouse receipts were at 57,351 tons, an increase of 1,077 tons compared to the previous trading day [1] - The electrolytic aluminum spot price ratio between Shanghai and London was 7.9, with an import loss of 1,431.43 yuan per ton, compared to a loss of 1,312.81 yuan per ton on the previous trading day [1]

Group 1 - The London Metal Exchange (LME) reported an increase in aluminum inventory, reaching a four-month high of 479,550 tons on August 14, followed by a slight decrease on the following Friday [1] - The Shanghai Futures Exchange (SHFE) also saw a rise in aluminum inventory, with a weekly increase of 6.2% to 120,653 tons, marking a two-month high as of August 15 [1] - Generally, a continuous decline in inventories on domestic and international exchanges supports futures prices, while an increase tends to exert downward pressure on prices [3] Group 2 - The inventory data comparison between LME and SHFE shows that as of August 15, 2025, LME inventory was 479,550 tons, while SHFE inventory was 120,653 tons [5] - The LME inventory has shown a consistent upward trend from 462,800 tons on August 1 to 479,675 tons on August 14, indicating a significant increase over the period [5]

Core Viewpoint - The LME aluminum futures prices are experiencing a slight upward trend, with current trading showing a price of $2598 per ton, reflecting a 0.46% increase from the opening price [1] Aluminum Market Overview - On August 11, LME aluminum futures opened at $2606 per ton, reached a high of $2624 per ton, and closed at $2585 per ton, marking a decrease of 1.11% [1] - In the first week of August 2025, Brazil exported a total of 25.93 million tons of aluminum ore and aluminum concentrate, a significant drop from 53.24 million tons in August of the previous year. The average daily shipment increased by 78.58% to 4.32 million tons per day compared to 2.42 million tons per day last year [1] - As of August 11, the electrolytic aluminum spot price ratio between Shanghai and London was 7.9, with an import loss of -1546.36 yuan per ton, slightly improved from -1581.27 yuan per ton on the previous trading day [1] - On August 11, LME reported aluminum registered warrants at 461,625 tons and canceled warrants at 14,225 tons, remaining stable; total aluminum inventory increased by 5,275 tons to 475,850 tons [1]

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]