Seasonal lull grows aluminium inventories

SHANGHAI, Jul 19 (SMM) – China’s primary aluminium social inventory extended its weekend gains this week as consumption weakened on a seasonal lull and as deliveries arrived at the warehouses, SMM research found.

The inventory across eight major consuming areas, including SHFE warrants, increased by 22,000 mt from last Thursday to stand at 1.82 million mt as of July 19, SMM data showed.

Details are as follows:

Wuxi, Jiangsu – 776,000 mt

Shanghai – 423,000 mt

Nanhai, Guangdong – 235,000 mt

Gongyi, Henan – 169,000 mt

Hangzhou, Zhejiang – 115,000 mt

Tianjin – 54,000 mt

Linyi, Shandong – 27,000 mt

Chongqing – 24,000 mt