SHANGHAI, Dec 13 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.295 million mt as of Thursday December 13, down 57,000 mt from Thursday December 6, SMM data showed.
Supply cuts accounted for the 4.2% week-on-week decline that exceeded the 2.5% drop in the previous week.
Details:
Wuxi, Jiangsu – 542,000 mt
Shanghai – 319,000 mt
Nanhai, Guangdong – 166,000 mt
Gongyi, Henan – 73,000 mt
Hangzhou, Zhejiang – 92,000 mt
Tianjin – 54,000 mt
Linyi, Shandong – 26,000 mt
Chongqing – 23,000 mt
