Industry News

Global aluminum inventory drops to affect supply and demand patterns

Views : 58
Update time : 2024-12-10 17:38:14
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.
Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices