【The performance of aluminum inventories on two major exchanges diverges, with Shanghai aluminum inventories hitting a new high in over a year】LME data showed that on May 22, London aluminum inventories rose to a new high in over two years, and then entered a downward channel. Last week, inventories continued to decline, with the latest inventory level standing at 999,725 tons, falling to a new low in the past two months. Data released by the Shanghai Futures Exchange showed that during the week of July 5, Shanghai aluminum inventories continued to rebound, with weekly inventories increasing by 3.9% to 244,020 tons, hitting a new high in over a year. (Wen Hua Finance)
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