[SMM Aluminum Flash] On August 19, LME aluminum inventory stood at 246,900 mt, unchanged from the previous day; over the past week, LME aluminum inventory decreased by 4,775.00 mt, a decline of 1.90%; over the past month, LME aluminum inventory decreased by 32,900 mt, a decline of 11.74%.

[SMM Aluminum Flash News] On August 18, LME aluminum inventory was recorded at 246,900 mt, unchanged from the previous day; over the past week, LME aluminum inventory decreased by a cumulative 6,475.00 mt (2.56%); over the past month, LME aluminum inventory decreased by a cumulative 33,200 mt (11.84%).

[SMM Aluminum Flash] On August 17, LME aluminum inventory totaled 246,900 mt, down 1,375 mt from the previous day, a decrease of 0.55%; over the past week, LME aluminum inventory fell by 7,975.00 mt in total, a decrease of 3.13%; over the past month, LME aluminum inventory fell by 33,200 mt in total, a decrease of 11.84%.

[SMM Aluminum Flash] On August 14, LME aluminum inventory stood at 248,300 mt, down 1,700 mt, or 0.68%, from the previous day; over the past week, LME aluminum inventory fell by a total of 8,100.00 mt, or 3.16%; over the past month, LME aluminum inventory fell by a total of 34,800 mt, or 12.29%.

[SMM Aluminum Express] On August 7, LME aluminum inventory recorded 256,400 mt, down 1,500 mt from the previous day (0.58%); over the past week, cumulative decrease was 8,000.00 mt (3.03%); over the past month, cumulative decrease was 34,400 mt (11.84%).

[China Aluminum Inventory Pulls Back, Multiple Factors Drive Aluminum Prices to Drift Higher] Overall, the macro front has improved recently, and the US Fed’s short-term pause on rate hikes has eased the marginal constraint on the nonferrous sector. Meanwhile, the proportion of liquid aluminum in China has continued to rise, and destocking of China aluminum inventory has resumed, jointly underpinning aluminum price performance. However, the continued rollout of forward capacity outside China, weak traditional end-use demand in China during the traditional off-season, and the recent easing of Middle East geopolitical tensions have together created some upside pressure on aluminum prices. Aluminum prices are expected to continue to consolidate on a strong note.