Shanghai and London aluminum stocks show divergent performance; Shanghai aluminum stocks hit over one-month high. LME data show that on January 8th, London aluminum stocks rose to a six-month high of 569,100 tons and then began to decline, with stocks continuing to fall last week, reaching a new low of 533,475 tons, the lowest in over a month. Data published by the Shanghai Futures Exchange shows that in the week of February 2nd, Shanghai aluminum stocks continued to rise, with a weekly increase of 4.56% to 106,165 tons, reaching a new high in over a month.
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