Inventory of LME Aluminium Dropped to a 15-year Low

SHANGHAI, Mar 14 (SMM) - According to the data released by LME, the inventory of LME aluminium surged by 119,000 mt to 880,975 mt on February 10 and then fell again. Last week, the inventory of LME aluminium continued to fall, with the latest inventory of 755,950 mt, which is the lowest level in more than 15 years.

According to the data released by SHFE, the aluminium inventory in SHFE continues to accumulate slightly, and it has been increasing for five weeks in a row. In the week of March 11, the inventory increased by 0.9% to 348,315 mt, hitting a new high of more than ten months.