London Metal Exchange (LME) data showed that Len aluminum stocks jumped 119000 tons to 880975 tons on February 10, and then fell again. Len aluminum inventories fell slightly last week, with the latest inventory level at 608000 tons, the lowest level in more than 17 years.
Data released last week showed that Shanghai aluminium inventories fell in the week of April 15, with weekly inventories falling 2.46 per cent to 299855 tonnes to a two-month low.
Note: generally speaking, declining stocks in domestic and foreign exchanges will support the futures price, otherwise, it will be bad for the futures price.
Comparison of Aluminum inventory between LME and previous Institute since 2020
The following is the aluminum inventory data of LME and the previous Stock Exchange since April 2022: (in tons)