Aluminium inventory dips for six straight weeks on fewer deliveries

SHANGHAI, Jun 14 (SMM) – China's inventory of primary aluminium, including SHFE warrants, shrank 53,000 mt from last Thursday to stand at 1.92 million mt as of Thursday June 14, SMM data showed. 

Despite torrential downpours in Guangdong province during last weekend, overall inventory declined on the week due to fewer deliveries to warehouses in northwest China. 

The drop marked a sixth consecutive week of decline. 

Details are as follows:

Wuxi, Jiangsu – 801,000 mt

Shanghai – 439,000 mt

Nanhai, Guangdong – 266,000 mt

Gongyi, Henan – 185,000 mt

Hangzhou, Zhejiang – 118,000 mt

Tianjin – 61,000 mt

Linyi, Shandong – 29,000 mt

Chongqing – 25,000 mt