Analysis of LME aluminum inventories in the previous period from January to June 2016

In terms of London aluminum stocks, LME aluminum stocks reported 2408975 tonnes as of June 27, down 120125 tonnes or 4.
74% from the end of May, and 486,000 tonnes or 16.
8% from the end of December 2015, and achieved a 28-month decline in the past 30 months, with a cumulative decrease of 2.
8 million tonnes or more than 51%, and the inventory is now at its lowest level since January 9, 2009 (2406225 tonnes).

In terms of domestic aluminum inventory, after the Spring Festival, as manufacturers started work one after another, aluminum ingot inventory arrived again, domestic aluminum inventory suddenly increased, and the inventory of the Shanghai Futures Exchange in the first quarter showed an overall upward trend
.
As of June 24, the previous Shanghai aluminum inventory reported 184953 tons, down 61,674 tons or 25% from the end of May, a three-month reduction, and a decrease of 112,000 tons or 37.
3% from the end of December 2015, hitting a low point since December 27
, 2013.
At present, the inflection point of domestic supply and demand has not yet arrived, aluminum inventories will grow slowly at a low level, and the tight pattern of aluminum spot will continue for a period of time
.