Cancelled Warrants of LME Aluminium Dropped Slightly, and Registered Warrants also Declined

SHANGHAI, May 27 (SMM) - According to the data released by LME, the cancelled warrants of aluminium dropped to 283,150 mt for five consecutive days, and the proportion fell to 59.53%. The registered warrants had remained stable at 194,175 mt for four consecutive days, but it fell to 192,500 mt today.

LME aluminium inventory is still dropping. At present, the inventory stands below 500,000 mt, falling to a low level for many years. The registered warrants have also continued to decline. Recently, the fall has slowed down slightly, and the proportion of cancelled warrants has also dropped from high.