Global aluminum inventories are showing a sustained downward trend,Major changes reflecting the dynamics of supply and demand could affect aluminum prices.
According to the latest data on aluminum inventories released by the London Metal Exchange and the Shanghai Futures Exchange, London Metal Exchange aluminum stocks, after reaching a two-year high in May,Recently fell to 684,600 tonnes,It has hit its lowest level in nearly seven months.
Similarly, for the week of December 6th,Shanghai aluminum inventories continued to decline slightly, with weekly inventories falling by 1.5%,It fell to 224,376 tonnes, the lowest level in five and a half months.
The trend indicates reduced supply or increased demand, which usually supports higher aluminum prices.
As an important industrial material, aluminum’s price fluctuations affect downstream industries such as automobile, construction and aerospace, indicating its importance to global industrial stability.
Post time: Dec-11-2024