The data, released on Thursday September 10, reported stock levels at the end of July
. The data is released with a one-month delay.
At the end of July, the LME held a total of 1,497,551 tonnes off-warrant, up by a little less than 10% from 1,349,524 tonnes at the end of June 2020. Some 81.4% of total LME off-warrant inventory was now made up of aluminium, up by 2.4% from the corresponding figure for June.
LME off-warrant aluminium stocks rose by a total of 145,678 tonnes over the June-July period, to 1,218,377 tonnes from 1,072,699 tonnes, and accounted for almost all of the off-warrant stock increases over the month.
This came against a...