Primary aluminium inventories drop 61,000 mt on fewer arrivals

Published: Oct 17, 2019 11:21

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Stocks decreased by 61,000 mt from a week ago to 916,000 mt as of Oct 17

SHANGHAI, Oct 17 (SMM) – Social inventories of primary aluminium in China declined significantly this week, after an increase in the first week after the National Day holiday, as arrivals shrank sharply while outflows held stable.

SMM data showed that stocks across eight consumption areas in China, including SHFE warrants, decreased by 61,000 mt from a week ago to 916,000 mt as of Thursday October 17.

Wuxi, Jiangsu – 249,000 mt

Shanghai – 164,000 mt

Nanhai, Guangdong – 303,000 mt

Gongyi, Henan – 71,000 mt

Hangzhou, Zhejiang – 49,000 mt

Tianjin – 52,000 mt

Linyi, Shandong – 7,000 mt

Chongqing –21,000 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.

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