Weaker consumption slows declines in primary aluminium inventories

Published: Jun 13, 2019 13:32

Save

Stocks declined 30,000 mt from a week ago to 1.118 million mt as of Jun 13

SHANGHAI, Jun 13 (SMM) – Primary aluminium stocks in China continued to fall this week, at a slower rate, as consumption weakened.

SMM data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined 30,000 mt from Thursday June 6 to stand at 1.118 million mt as of Thursday June 13. Inventories dropped 64,000 mt in the previous week.

Wuxi, Jiangsu – 392,000 mt

Shanghai – 217,000 mt

Nanhai, Guangdong – 251,000 mt

Gongyi, Henan – 99,000 mt

Hangzhou, Zhejiang – 75,000 mt

Tianjin – 53,000 mt

Linyi, Shandong – 8,000 mt

Chongqing –23,000 mt

Inventory data Aluminium

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 min ago

Guizhou Shengchang Aluminum Expands with New Production Line, Aims for August Completion of Phase Two

Recently, the ninth extrusion production line of Guizhou Shengchang Aluminum Co., Ltd. was officially put into operation, marking a crucial step for this local aluminum enterprise in intelligent upgrades and capacity expansion. It is reported that the second-phase production plant of Shengchang Aluminum is also under intensive construction and is expected to be completed and put into production in August this year.

1 min ago

22 hours ago

China's May Vehicle Sales Down 2.1% YoY, NEV Market Surges 14.4% with Strong Export Growth

According to data released by the CAAM, China's total vehicle sales reached 2.629 million units in May, down 2.1% YoY. However, the NEV market performed strongly, with sales reaching 1.496 million units, up 14.4% YoY, and its share of total new vehicle sales rose to 56.9%. In addition, NEV exports achieved notable results, with May exports reaching 446,000 units, more than doubled YoY.

22 hours ago

US PPI Jumps to 6.5% in May, Driven by Energy Prices; Core PPI Rises Less Than Expected

Driven by a surge in energy prices, US PPI climbed to 6.5% YoY in May, the highest since November 2022 and exceeding market expectations of 6.4%. However, excluding food and energy, core PPI rose 4.9% YoY, below expectations of 5.4%.

22 hours ago