Two major exchanges aluminum inventories have both dropped. According to data released by the London Metal Exchange (LME), after aluminum inventories reached a three-month high on June 6, inventories have entered a downward trend, with the latest inventory level at 483,550 tons, a six-month low. Data released by the Shanghai Futures Exchange (SHFE) showed that recent Shanghai aluminum inventories have been fluctuating in a range. As of August 18, weekly inventories decreased by 8.25% to 96,554 tons, a seven-and-a-half-month low.
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