Aluminium inventory dips slower on cooled procurement enthusiasm

SHANGHAI, Jul 2 (SMM) – China's social inventory of primary aluminium declined slower over the weekend as downstream buyers' procurement enthusiasm cooled. 
 
As of Monday July 2, inventories of primary aluminium, including SHFE warrants, across eight major consumption areas in China shrank 9,000 mt from last Thursday to stand at 1.84 million mt, SMM data showed. This compared with a drop of 15,000 recorded last Monday. 

Details are as follows:

Wuxi, Jiangsu – 774,000 mt

Shanghai – 429,000 mt

Nanhai, Guangdong – 241,000 mt

Gongyi, Henan – 179,000 mt

Hangzhou, Zhejiang – 108,000 mt

Tianjin – 57,000 mt

Linyi, Shandong – 28,000 mt

Chongqing – 19,000 mt