Shrinking supplies, improved consumption lower aluminium inventories

SHANGHAI, Sep 17 (SMM) – Primary aluminium inventories across eight consumption areas, including SHFE warrants, decreased by some 31,000 mt from Thursday September 13 to stand at 1.645 million mt as of Monday September 17, SMM data showed.

Shrinking supplies and improved consumption accounted for the decline in aluminium stocks over the weekend, SMM believes.

Details:

Wuxi, Jiangsu – 705,000 mt

Shanghai – 372,000 mt

Nanhai, Guangdong – 210,000 mt

Gongyi, Henan – 155,000 mt

Hangzhou, Zhejiang – 94,000 mt

Tianjin – 59,000 mt

Linyi, Shandong – 25,000 mt

Chongqing – 25,000 mt