Downstream purchases lower aluminium inventories

Published: Sep 6, 2018 10:45

Save

As of Thursday Sep 6, stocks across eight consumption areas lost 33,000 mt from last Thursday to stand at 1.714 million mt

SHANGHAI, Sep 6 (SMM) – Primary aluminium inventories across major consumption areas in China shrank on the week as downstream consumers restocked when prices dipped over the week.

As of Thursday September 6, stocks across eight consumption areas, including SHFE warrants, fell by some 33,000 mt from last Thursday to stand at 1.714 million mt, SMM data showed.

Details:

Wuxi, Jiangsu – 718,000 mt

Shanghai – 381,000 mt

Nanhai, Guangdong – 232,000 mt

Gongyi, Henan – 163,000 mt

Hangzhou, Zhejiang – 105,000 mt

Tianjin – 61,000 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.

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

22 mins ago

LME Aluminum Inventory Drops 2,000 mt, Down 12.61% Over a Month

[SMM Aluminum News Flash] On May 7, LME aluminum inventory was recorded at 358,200 mt, down 2,000 mt from the previous day, a decrease of 0.56%; over the past week, LME aluminum inventory decreased by a cumulative 8,825.00 mt, a decrease of 2.40%; over the past month, LME aluminum inventory decreased by a cumulative 51,700 mt, a decrease of 12.61%.

22 mins ago

24 mins ago

China's Fluorite Prices Edge Lower Post-Holiday Amid Loose Supply, Sluggish Demand

[SMM Aluminum News Flash] After the holiday, China's 97% fluorite powder delivery-to-factory prices continued to edge lower, with mainstream transaction ranges maintained at 3,200–3,500 yuan/mt and notable regional price spreads. Although earlier rises in hydrofluoric acid prices provided sentiment support for fluorite, and delayed resumption of operations at Zhejiang mines along with locally low inventory still offered some support, loose supply combined with sluggish spot trades meant the overall market remained mainly in the doldrums with slight weakness.

24 mins ago

Petroleum Coke Market Sees Support as Supply Tightens and Demand Recovers Post-Holiday

[SMM Aluminum News Flash] In the petroleum coke market, refinery maintenance is gradually increasing, delayed coking unit operating rates are pulling back, and domestic petroleum coke supply is expected to tighten marginally. Combined with the post-holiday return to normal market order and the gradual release of downstream stocking and restocking demand at the beginning of the month, the petroleum coke market has short-term support to recover, with prices mainly expected to stop falling and stabilize and move sideways.

24 mins ago