Global aluminum inventories are showing a sustained downward trend, significant changes in supply and demand dynamics may affect aluminum prices
According to the latest data on aluminum inventories released by the London Metal Exchange and the Shanghai Futures Exchange. After LME aluminum stocks reaching a two-year high point in May, recently fell to 684,600 tonnes. It has hit its lowest level in nearly seven months.
At the same time, for the week of December 6th, Shanghai aluminum inventories continued to decline slightly, with weekly inventories falling by 1.5% and fell to 224,376 tonnes, it’s 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