Aluminium inventory extends decline amid limited arrivals

SHANGHAI, Jul 26 (SMM) – China's inventory of primary aluminium across eight major markets, including SHFE warrants, extended its decline for the week ended Thursday July 26. 

Inventory lost 28,000 mt from last Thursday to stand at 1.8 million mt as of July 26, SMM data showed. Limited arrivals from smelters accounted for the drop. This compared with a 16,000-mt drop recorded on Monday July 23, from Thursday July 19. 

Details are as follows:

Wuxi, Jiangsu – 767,000 mt

Shanghai – 418,000 mt

Nanhai, Guangdong – 229,000 mt

Gongyi, Henan – 161,000 mt

Hangzhou, Zhejiang – 116,000 mt

Tianjin – 53,000 mt

Linyi, Shandong – 28,000 mt

Chongqing – 23,000 mt