Aluminium inventory decline continues to slow

Published: Jul 5, 2018 12:24

Save

The decline in social inventory of primary aluminium continued to slow over the week ended Jul 5

SHANGHAI, Jul 5 (SMM) – The decline in China’s social inventory of primary aluminium continued to slow over the week ended July 5 as the slowdown in consumption suppressed purchasing interest downstream.

As of Thursday July 5, inventories of primary aluminium, including SHFE warrants, across eight major consumption areas shrank some 1,000 mt from Monday to stand at 1.83 million mt, after they lost 9,000 mt over the weekend. The figure fell 10,000 mt from last Thursday, compared to a drop of 40,000 mt in the previous week.

Details are as follows:

Wuxi, Jiangsu – 777,000 mt

Shanghai – 427,000 mt

Nanhai, Guangdong – 237,000 mt

Gongyi, Henan – 181,000 mt

Hangzhou, Zhejiang – 107,000 mt

Tianjin – 57,000 mt

Linyi, Shandong – 29,000 mt

Chongqing – 19,000 mt

Inventory data Aluminium

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

11 hours ago

SHFE aluminum consolidates on a strong note and stands firm above moving averages, alumina rebounds with position reduction and weakness eases [SMM Aluminum Brief Review]

11 hours ago

12 hours ago

SHFE Cast Aluminum Alloy Warrants Down 59 mt to 17,374 mt on Aug 5

[SMM Snapshot] SHFE data shows that as of August 5, total registered warrants for cast aluminum alloy stood at 17,374 mt, down 59 mt from the previous trading day. Of this, Shanghai registered 1,506 mt, unchanged; Guangdong registered 1,342 mt, down 88 mt; Jiangsu registered 3,806 mt, unchanged; Zhejiang registered 6,961 mt, up 29 mt; Chongqing registered 2,974 mt, unchanged; and Sichuan registered 785 mt, unchanged.

12 hours ago

13 hours ago

[Ford's July U.S. sales drop over 10% as aluminum shortage constrains F-Series truck output]

Ford sold 169,951 vehicles in the U.S. in July, down more than 10% year-on-year, with the decline driven by tight F-Series pickup availability tied to an aluminium supply disruption, the discontinuation of the Escape crossover, and a planned pullback in low-margin rental fleet sales; the shortage traces back to fires that halted production at supplier Novelis Inc.'s hot mill last autumn, though the facility resumed operations in June, F-Series inventory remained thin at around 45 days' supply by end of July, and F-Series sales themselves fell 6.5% even as Ford said underlying retail demand for trucks and SUVs stayed resilient, with rental fleet deliveries cut 96% to prioritize retail allocation.

13 hours ago