Primary aluminium inventories decline 30,000 mt on week

SHANGHAI, Aug 29 (SMM) – Social inventories of primary aluminium in China shrank this week, after rising for four consecutive weeks, as stocks in most regions declined.

SMM data showed that stocks across eight consumption areas in China, including SHFE warrants, decreased by 30,000 mt from a week ago to stand at 1.033 million mt as of Thursday August 29.

Wuxi, Jiangsu – 309,000 mt

Shanghai – 194,000 mt

Nanhai, Guangdong – 287,000 mt

Gongyi, Henan – 105,000 mt

Hangzhou, Zhejiang – 53,000 mt

Tianjin – 53,000 mt

Linyi, Shandong – 12,000 mt

Chongqing –20,000 mt