At the end of June 2004, the inventory of aluminum held by Western producers fell to 2.876 million tons. Preliminary data released by the International Aluminum Association (IAI) showed that the inventory of aluminum held by Western producers fell to 2.769 million tons by the end of June 2004 It was 3,092,000 tons in May and 29.95 million tons in June 2003. Inventories of primary aluminum fell to 1.64 million tons in June, 1.739 million tons in May, and 1.627 million tons in June 2003. The following is the distribution of specific inventory areas: (Unit: 1,000 tons) Aluminium Stocks Primary aluminum stocks 04/6 04/5 03/06 04/6 04/5 03/06 Africa 39 30 48 21 11 31 North America Latin America Asia Europe Oceania 88 95 89 Source: China International Futures Brokerage Co., Ltd.
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