SHFE Aluminum Futures Warrants Drop 9.20% in a Week, 25.56% in a Month

[SMM Aluminum Flash] On September 1, LME aluminum inventory recorded 246,700 mt, unchanged from the previous day. Over the past week, LME aluminum inventory decreased by 100 mt, a decline of 0.04%. Over the past month, LME aluminum inventory decreased by 17,700 mt, a decline of 6.68%.

According to SMM statistics, as of August 28, days of inventories at China aluminum rod plants stood at 8.1 days, down 0.46 days WoW from 8.56 days on August 21. The inventory ratio fell from 110.10% to 105.14%, down 4.96 percentage points, with absolute inventory levels still in the higher range for the year. Over the same period, the combined operating rate at leading aluminum rod enterprises came in at 72.96%, flat WoW, stabilizing after four consecutive weeks of decline.