LME Aluminium Inventory Dropped to the 14-year Low

SHANGHAI, Dec 6 - According to London Metal Exchange (LME), LME inventories kept falling last week. Since late March, aluminium inventories on the exchange have continued to fall from a high of 1,967,275 mt, and recorded 882,800 mt the latest, a record low in more than 14 years, with a drop of about 55.1%.

Data released by the Shanghai Futures Exchange showed that SHFE aluminium stocks picked up slightly last week and have now increased for three weeks in a row, with weekly stocks increasing by 1.9% to 334,934 mt in the week of December 3, rising to a high in over six months.

Note: Falling SHFE and LME inventories will underpin futures prices.