Aluminium inventory back to downward trend over the weekend

SHANGHAI, Jul 23 (SMM) – China's inventory of primary aluminium across eight major markets, including SHFE warrants, lost 16,000 mt from Thursday July 19 to stand at 1.81 million mt as of Monday July 23, SMM data showed. Fewer deliveries from smelters accounted for the drop. 

Inventories resumed their downward trend after a week-on-week rebound of 22,000 mt last Thursday. The rebound came after 10 consecutive weeks of decline.

Details are as follows:

Wuxi, Jiangsu – 775,000 mt

Shanghai – 420,000 mt

Nanhai, Guangdong – 229,000 mt

Gongyi, Henan – 163,000 mt

Hangzhou, Zhejiang – 117,000 mt

Tianjin – 53,000 mt

Linyi, Shandong – 27,000 mt

Chongqing – 23,000 mt