Core Insights - LME aluminum inventory has reached a near three-year low on June 26, but has since entered an upward trend, with the latest inventory level at 462,800 tons, marking a four-month high [1] - SHFE aluminum inventory has also been on the rise, increasing for five consecutive weeks, with a weekly increase of 1.5% to 117,527 tons, reaching a one-and-a-half-month high as of August 1 [1] Inventory Trends - As of August 1, 2025, LME aluminum inventory stands at 462,800 tons, while SHFE inventory is at 117,527 tons [6] - The LME inventory has shown a consistent increase from 450,825 tons on July 25 to 462,800 tons on August 1, indicating a significant upward trend [6] - SHFE inventory has also increased from 103,197 tons on July 11 to 117,527 tons on August 1, reflecting a similar upward movement [6] Market Implications - Generally, a decline in inventory levels at domestic and international exchanges tends to support futures prices, while an increase may exert downward pressure on prices [3]
伦铝库存增至四个月新高 沪铝库存刷新一个半月最高位
Wen Hua Cai Jing·2025-08-04 10:10