Aluminium inventory sees largest week-on-week decline in 2018

Published: May 17, 2018 12:49

Save

China's inventory of primary aluminium, including SHFE warrants, fell 58,000 mt to stand at 2.138 million mt as of Thursday May 17.

SHANGHAI, May 17 (SMM) – China's inventory of primary aluminium, including SHFE warrants, fell 58,000 mt to stand at 2.138 million mt as of Thursday May 17 from 2.196 million mt on Thursday May 10, according to SMM data.

This marked the largest week-on-week decline this year, with relatively low deliveries but stable shipments.

Details are as follows:

Wuxi, Jiangsu – 875,000 mt

Shanghai – 450,000 mt

Nanhai, Guangdong – 368,000 mt

Gongyi, Henan – 199,000 mt

Hangzhou, Zhejiang – 130,000 mt

Tianjin – 61,000 mt

Linyi, Shandong – 29,000 mt

Chongqing – 26,000 mt

For editorial queries, please contact Daisy Tseng at daisy@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn

aluminium inventory

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 min ago

[Announcement] Bidding Procurement Activity Announcement — CITIC Dicastal Aluminum Ingot Procurement

1 min ago

2 hours ago

China's Secondary Aluminum Alloy Ingot Inventory Drops by 463 MT, Foshan and Ningbo Destocking

[SMM Aluminum Bulletin] China's secondary aluminum alloy ingot inventory in major consumption areas was 25,500 mt today, down 463 mt from the previous day. Foshan and Ningbo continued destocking.

2 hours ago

Hydro Launches New Automotive Aluminum Parts Plant in Taicang, Supplying BMW and Boosting Local Industry

In the China-Europe Advanced Manufacturing Industrial Park in Chengxiang Town, Taicang, Jiangsu, Norway's Hydro Group (Hydro) held a production launch ceremony for its new automotive aluminum parts plant. Hydro Group has consistently focused on the R&D and manufacturing of aluminum extrusions and low-carbon recycling technologies, with its products widely used in the supply chains of high-end automakers such as BMW, Tesla, and Audi. The project has now successfully passed the PPAP review, officially entering the full mass production phase, and in the future, it will stably supply high-end lightweight aluminum structural parts for BMW car models. After reaching full production, the project is expected to generate an annual new output value of 50 million yuan, injecting high-quality foreign-invested capacity into Taicang's automotive parts industry chain.

2 hours ago