Fewer deliveries weigh on aluminium inventory

SHANGHAI, Jun 19 (SMM) – China's inventory of primary aluminium, including SHFE warrants, extended its declines over the weekend as limited deliveries arrived, SMM learned.

As of Tuesday June 19, inventories of primary aluminium across eight major consumption areas in China shrank 32,000 mt from last Thursday to stand at 1.89 million mt, SMM data showed.

Details are as follows:

Wuxi, Jiangsu – 795,000 mt

Shanghai – 435,000 mt

Nanhai, Guangdong – 255,000 mt

Gongyi, Henan – 171,000 mt

Hangzhou, Zhejiang – 118,000 mt

Tianjin – 62,000 mt

Linyi, Shandong – 31,000 mt

Chongqing – 25,000 mt