Weaker consumption sees smaller decline in aluminium inventory

SHANGHAI, Jun 25 (SMM) – China's inventory of primary aluminium, including SHFE warrants, declined slower over the weekend as environmental probe deterred downstream consumption.

As of June 25, inventories of primary aluminium across eight major consumption areas in China shrank 15,000 mt from last Thursday to stand at 1.87 million mt, SMM data showed. This compared with a drop of 32,000 mt recorded on last Tuesday. 

Details are as follows:

Wuxi, Jiangsu – 789,000 mt

Shanghai – 433,000 mt

Nanhai, Guangdong – 245,000 mt

Gongyi, Henan – 172,000 mt

Hangzhou, Zhejiang – 116,000 mt

Tianjin – 60,000 mt

Linyi, Shandong – 29,000 mt

Chongqing – 25,000 mt