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Aluminum Inventories Fall 32,000 tonnes in China’s Four Major Markets

iconJul 25, 2014 15:35
Source:SMM
Aluminum inventories in China’s four major markets fell by 32,000 tonnes in the week ending July 24, Shanghai Metals Market data shows.

SHANGHAI, Jul.25 (SMM) – Aluminum inventories in China’s four major markets fell by 32,000 tonnes in the week ending July 24, Shanghai Metals Market data shows. 

During the period, Wuxi witnessed the largest decline in stocks, down by 15,000 tonnes, due mainly to fewer arrivals. The drop in inventories in Nanhai slowed as downstream buying interest was low while aluminum prices surged. 

Arrivals of goods to Nanhai will grow as premiums in south China are higher than those in east China. However, aluminum inventories at the four regions are expected to continue falling for the foreseeable future, SMM foresees.   
                                                                                               (Unit: 1,000 tonnes)

Date

Shanghai

Wuxi

Hangzhou

Nanhai

Total

2014/7/17

373

233

37

155

798

2014/7/24

363

218

37

148

766

Change

-10

-15

0

-7

-32

 
aluminum inventory

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