Improved consumption further lowers aluminium inventories

Published: Sep 20, 2018 10:47

Save

Stocks decreased by some 53,000 mt from a week ago to stand at 1.623 million mt as of Thursday Sep 20

SHANGHAI, Sep 20 (SMM) – Primary aluminium inventories across major consumption areas in China extended weekend losses this week as consumption improved, SMM research found.

Stocks across eight consumption areas, including SHFE warrants, decreased by some 53,000 mt from Thursday September 13 to stand at 1.623 million mt as of Thursday September 20, SMM data showed.

Details:

Wuxi, Jiangsu – 699,000 mt

Shanghai – 371,000 mt

Nanhai, Guangdong – 205,000 mt

Gongyi, Henan – 147,000 mt

Hangzhou, Zhejiang – 92,000 mt

Tianjin – 57,000 mt

Linyi, Shandong – 25,000 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 for 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

18 hours ago

US-Canada Tariff War Escalates: Retaliatory Measures and Bans on Goods Imposed

The US-Canada tariff war has escalated once again. Canada took the lead in imposing retaliatory tariffs on approximately $20 billion worth of US goods, and the US responded with tough countermeasures: starting September 15, a 50% tariff will be imposed on about 100 categories of Canadian products; starting September 29, imports of certain Canadian motor vehicles and dairy products will be further banned.

18 hours ago

ECB Raises Interest Rates by 25 Basis Points, Signals Further Hikes Amid Inflation Concerns

The European Central Bank announced a 25 basis point hike in all three key interest rates, in line with market expectations. The central bank noted that the Middle East conflict continues to push up inflation, and inflation is expected to remain well above the target level for an extended period. According to people familiar with the matter, ECB officials expect to raise rates further, with the next move possibly coming as soon as October.

18 hours ago

China's Auto Sales Drop 5.1% in August, NEV Sales Surge 17.8% YoY, Exports Up 65.3%

CAAM data shows that in August, China's auto sales were 2.712 million units, down 5.1% YoY. Among them, NEV performance was impressive, with sales reaching 1.643 million units, up 17.8% YoY, accounting for 60.6% of total new vehicle sales. In terms of exports, auto exports in August were 1.01 million units, up 65.3% YoY; NEV exports were 526,000 units, up 1.3x YoY.

18 hours ago