Lun aluminum inventory keeps falling to its lowest level in more than 14 years.

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According to data released by the London Metal Exchange (LME), aluminum inventories fell continuously last week, falling from a high of 1967275 tons since late March. the latest inventory level is 882800 tons, the lowest level in more than 14 years, and the range is down by about 55.1 percent.

Shanghai aluminium inventories rebounded slightly last week and are now up for three weeks, with weekly inventories rising 1.9 per cent to 334934 tonnes in the week of December 3, to a more than six-month high, according to data released last week.

Note: generally speaking, declining stocks in domestic and foreign exchanges will support the futures price, otherwise, it will be bad for the futures price.

The following is the aluminum inventory data of LME and Shanghai Stock Exchange since November 2021: (in tons)