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Home / Metal News / Aluminium inventory draw faster as consumption picks up

Aluminium inventory draw faster as consumption picks up

Jul 12, 2018 11:17

Source:SMM

China's aluminium inventory across eight major markets, including SHFE warrants, fell 33,000 mt over the week

SHANGHAI, Jul 12 (SMM) – China's inventory of primary aluminium across eight major markets, including SHFE warrants, fell 33,000 mt over the week to stand at 1.8 million mt as of Thursday July 12, SMM data showed.

Accelerated downstream consumption due to falling prices led the decline in stocks to be bigger than the 10,000 mt week-on-week drop recorded last Thursday.

Details are as follows:

Wuxi, Jiangsu – 767,000 mt

Shanghai – 424,000 mt

Nanhai, Guangdong – 228,000 mt

Gongyi, Henan – 179,000 mt

Hangzhou, Zhejiang – 102,000 mt

Tianjin – 56,000 mt

Linyi, Shandong – 28,000 mt

Chongqing – 17,000 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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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Shanghai base metals were mostly lower on Tuesday morning as investors awaited the release of China's trade data for June. Meanwhile, their counterparts on the LME also fell for the most part.

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Dec 11, 2020 17:38

Analysis

Nickel ore inventories at Chinese ports rose 101,000 wmt to 9.41 million wmt

Shanghai bonded refined nickel stocks fell 1,000 mt on week

Inventories of refined nickel in the Shanghai bonded areas decreased 1,000 mt from a week ago and stood at 22,800 mt as of December 11, showed SMM data.

Dec 11, 2020 17:16

Analysis

Shanghai bonded refined nickel stocks fell 1,000 mt on week

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Inventories of hot-rolled coils of steel sheets used to produce home appliances and cars in China continued to fall rapidly this week, but the decline narrowed slightly compared with last week.

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Analysis

China HRC inventories continued their rapid falls this week

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Dec 4, 2020 16:55

Analysis

Social inventories of lead ingots increased nearly 1,800 mt this week

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Inventories of refined nickel in the Shanghai bonded areas remained unchanged from a week ago and stood at 23,800 mt as of December 4, showed SMM data.

Dec 4, 2020 16:30

Analysis

Shanghai bonded refined nickel stocks remained unchanged on week

Primary aluminium inventories built up 4,000 mt on week

Primary aluminium ingot inventories in China started to rise this week, showed SMM data.

Dec 3, 2020 17:17

Analysis

Primary aluminium inventories built up 4,000 mt on week

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Aluminium inventory draw faster as consumption picks up

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SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025