Decline in primary aluminium inventory decelerates amid low season

Published: Aug 9, 2018 11:16

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Decreases in primary aluminium inventories across China continued to decelerate this week as the low season sustained

SHANGHAI, Aug 9 (SMM) – Decreases in primary aluminium inventories across China continued to decelerate this week as a low season of consumption sustained, SMM learned as of Thursday August 9.

The stocks across eight consumption areas in the country, including SHFE warrants, shrank some 6,000 mt from last Thursday August 2 to stand at 1.775 million mt as of August 9, SMM data showed. This compared to a week-on-week drop of 14,000 mt seen on August 2 and a week-on-week drop of 28,000 mt recorded on July 26.

SMM data also showed that the latest inventory figure was little changed from 1.776 million mt registered on Monday August 6.

Details are as follows:

Wuxi, Jiangsu – 748,000 mt

Shanghai – 412,000 mt

Nanhai, Guangdong – 236,000 mt

Gongyi, Henan – 156,000 mt

Hangzhou, Zhejiang – 110,000 mt

Tianjin – 59,000 mt

Linyi, Shandong – 27,000 mt

Chongqing – 27,000 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.

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