Recovering consumption extends declines in primary aluminium stocks

SHANGHAI, Apr 18 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.59 million mt as of Thursday April 18, down some 49,000 mt from Thursday April 11, SMM data showed.

Continued resumption of downstream demand lowered the stocks. Primary aluminium inventories fell by about 5,000 mt in the week ended April 11.

Details:

Wuxi, Jiangsu – 572,000 mt

Shanghai – 292,000 mt

Nanhai, Guangdong – 359,000 mt

Gongyi, Henan – 131,000 mt

Hangzhou, Zhejiang – 118,000 mt

Tianjin – 58,000 mt

Linyi, Shandong – 25,000 mt

Chongqing –32,000 mt