Base metals stocks on the Shanghai Futures Exchange were broadly lower week on week on Friday December 14, with aluminium stocks declining for the ninth consecutive week to hit a year-to-date low.
Deliverable aluminium stocks at SHFE-approved warehouses dropped by 24,442 tonnes, or 3.4%, week on week to 688,825 tonnes as on Friday December 14. SHFE aluminium stocks have fallen by 30.6% from their 2018 high of 993,207 tonnes reached on April 20, but remain almost six times higher than in the...