Primary aluminium inventory extends fall on few arrivals

Published: Aug 16, 2018 11:27

Save

Stocks across eight consumption areas, including SHFE warrants, shrank some 14,000 mt from last Thursday

SHANGHAI, Aug 16 (SMM) – Primary aluminium inventories across major consumption areas in China continued to decrease this week with limited arrivals, SMM learned as of Thursday August 16.

Stocks across eight consumption areas, including SHFE warrants, shrank some 14,000 mt from last Thursday and some 5,000 mt from Monday to stand at 1.761 million mt as of August 16, SMM data showed.

Details are as follows:

Wuxi, Jiangsu – 748,000 mt

Shanghai – 400,000 mt

Nanhai, Guangdong – 240,000 mt

Gongyi, Henan – 150,000 mt

Hangzhou, Zhejiang – 110,000 mt

Tianjin – 61,000 mt

Linyi, Shandong – 26,000 mt

Chongqing – 26,000 mt

Inventory data Aluminium Primary 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 to learn 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

52 mins ago

Ceasefire Unlikely to Resolve Supply Shortcomings, Aluminum Prices Remain Supported at High Levels [SMM Aluminum Morning Meeting Minutes]

[Ceasefire Unlikely to Resolve Supply Weakness; Aluminum Prices Retain Strong Support at High Levels] Overall, the two-week ceasefire news was unable to reverse the firm pattern underpinned by substantive supply damage and low inventory. Expectations of tangible supply contraction triggered by attacks on Middle Eastern aluminum smelters, combined with low global inventory and the recovery of peak-season demand in China, will provide strong upward momentum for aluminum prices. In the near term, aluminum prices are expected to hold up well.

52 mins ago

1 hour ago

Weak Demand, ADC12 Spot Cargo Continued to Decline [SMM Cast Aluminum Alloy Morning Comment]

[SMM Cast Aluminum Alloy Morning Comment: Weak Demand, ADC12 Spot Continued to Weaken] Spot side, the ADC12 market continued in the doldrums yesterday. Affected by aluminum prices being in the doldrums and poor demand-side performance, market sentiment turned cautious. Most market participants slightly lowered their quotes, while a few enterprises held prices steady and took a wait-and-see approach. Currently, low-priced resources increased, the transaction center shifted downward, and prices showed a passive pullback pattern. In the short term, against the backdrop of marginally weakening cost support and limited demand improvement, ADC12 prices are expected to remain in the doldrums.

1 hour ago

16 hours ago

Metro Mining Resumes Bauxite Hills Operations Post-Cyclone, Targets 6.6-7.1M WMT in 2026

[SMM Aluminum Express News] Metro Mining (ASX:MMI) resumed operations at Bauxite Hills in mid-March after Tropical Cyclone Narelle caused minimal disruption, with only seven days of lost production and no infrastructure damage. The Port of Skardon reopened on 25 March, with barging gradually returning to full capacity by mid-April. Despite the disruption, 100,000 WMT was shipped in March. Transhipping continues via TSA Skardon Floating Crane and ultramax vessels, while the Ikamba Offshore Floating Terminal is en route back from maintenance in Batam and expected to arrive end-April. Full-year 2026 shipments are forecast at 6.6–7.1 million WMT.

16 hours ago