Core Viewpoint - The LME aluminum futures prices are experiencing fluctuations, with a slight decline observed on January 29, 2023, after reaching a high of $3,294 per ton [1] Group 1: LME Aluminum Futures Performance - On January 29, 2023, LME aluminum futures opened at $3,285 per ton and were reported at $3,262 per ton, reflecting a decrease of 0.05% [1] - The highest price during the trading session was $3,294 per ton, while the lowest was $3,251 per ton [1] - On January 28, 2023, the LME aluminum futures had an opening price of $3,220 per ton, a highest price of $3,314 per ton, a lowest price of $3,219 per ton, and a closing price of $3,263.5 per ton, marking a 1.59% increase [1] Group 2: Market Updates and Inventory - The Shanghai Futures Exchange has approved the registration of "QY" brand aluminum ingots produced by Xinjiang Qiya Aluminum Co., with a registered capacity of 800,000 tons, which will be eligible for delivery under aluminum futures contracts [1] - As of January 28, 2023, the spot price ratio of electrolytic aluminum between Shanghai and London was 7.68, with an import loss of -1,953.93 yuan per ton, improving from -2,240.15 yuan per ton on the previous trading day [1] - The LME reported aluminum registered warrants of 474,400 tons, with 25,575 tons canceled and an increase of 2,825 tons, leading to a total aluminum inventory of 499,975 tons, which decreased by 2,275 tons [1]