After a sharp increase, London aluminum inventory falls back, while Shanghai aluminum inventory drops to a more than two-month low. Data released by LME shows that London aluminum inventory first increased and then decreased last week. The inventory had a cumulative increase of nearly 66,800 tons in the first two days of last week, reaching a new high of 511,450 tons on December 19, the highest in three and a half months. However, the inventory has since fallen, with the latest level at 508,650 tons. Data released by the Shanghai Futures Exchange shows that Shanghai aluminum inventory has been fluctuating within a range recently. For the week ending on December 22, Shanghai aluminum inventory decreased by 8.83% to 102,112 tons, dropping to a more than two-month low.
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