Primary aluminium inventory shrinks over the weekend

SHANGHAI, Aug 20 (SMM) – Primary aluminium inventories across major consumption areas in China continued their decline over the weekend with limited arrivals and downstream purchases, SMM learned.

Stocks across eight consumption areas, including SHFE warrants, shrank some 20,000 mt from last Thursday to stand at 1.74 million mt as of Monday August 20, SMM data showed.

Details are as follows:

Wuxi, Jiangsu – 739,000 mt

Shanghai – 394,000 mt

Nanhai, Guangdong – 237,000 mt

Gongyi, Henan – 148,000 mt

Hangzhou, Zhejiang – 111,000 mt

Tianjin – 63,000 mt

Linyi, Shandong – 26,000 mt

Chongqing – 23,000 mt