SHANGHAI, May 17 (SMM) - According to data released by the London Metal Exchange (LME), since mid-February, LME aluminium inventories have started a relatively smooth road to destocking. Last week, inventories continued to decline. The latest inventory level was 532,500 mt as of May 16, which fell to a new low in nearly 17 years.

SHFE aluminium inventories fell 16.33% on a weekly basis to 246,931 mt as of May 13, a seven-month low.