LME Aluminum Stocks Drop to a New Three-Month Low, While SHFE Aluminum Inventories Hit a New High in Over a Year" LME published data showing that on May 23rd, LME aluminum stocks reached a new high in over two years, only to embark on a downward trend thereafter. Last week, the declining trend continued, with the latest inventory level standing at 907,450 tonnes, marking a new low in nearly three months. Data released by the Shanghai Futures Exchange indicated that SHFE aluminum inventories continued to accumulate during the week of August 9th, with weekly inventory increasing by 1.62% to 278,627 tonnes, setting a new high in over a year. (Wenhua Finance)
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