Global aluminum inventory drops to affect supply and demand patterns
Time:Wed, 11 Dec 2024 06:45:19 +0800
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Global aluminum inventories are declining, reflecting significant shifts in supply and demand dynamics that could influence aluminum prices.
According to data from the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE), LME aluminum stocks have recently dropped to 684,600 tons, a seven-month low, after peaking in May at a two-year high. Similarly, SHFE aluminum inventories fell by 1.5% in early December to around 224,400 tons, the lowest in over five months.
This trend suggested reduced supply or increased demand, which typically supports higher aluminum prices.
As a critical industrial material, aluminum's price fluctuations impact downstream sectors such as automotive, construction, and aerospace, indicating its importance to global industrial stability.
