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Home / Metal News / Improved consumption further lowers aluminium inventories

Improved consumption further lowers aluminium inventories

Sep 20, 2018 10:47

Source:SMM

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

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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Oct 14, 2021 17:09

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Tianshan Aluminum: Net profit in the First Three Quarters to Up 163.5%, the Average Price of Aluminium Ingots Up 35% YoY

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Shanghai base metals traded mixed after opening on Thursday morning, as Fed failed to set a timeline for tapering asset purchase, and COVID-19 pandemic made a comeback. Meanwhile, their counterparts on LME mostly went up.

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SMM Morning Comments (Jul 29): Shanghai Base Metals Trending Mixed after Obscure Fed Meeting Results

Primary aluminium inventories fell 26,000 mt on week

SMM data showed that China’s social inventories of aluminium across eight consumption areas fell 26,000 mt on the week to 832,000 mt as of June 24, mainly due to the decline in Wuxi and Hainan.

Jul 15, 2021 18:00

Analysis

Primary aluminium inventories fell 26,000 mt on week

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SMM Comments

SMM Morning Comments (Jul 13): Shanghai base metals were mostly lower as investors awaited China's trade data for June

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Jul 12, 2021 17:00

Analysis

Zinc social inventories expanded 1,700 mt over weekend

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SMM data showed that the stocks rose 4,200 mt from the prior week to 439,800 mt as of Friday July 9.

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Shanghai bonded copper stocks rose 4,200 mt on week

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Improved consumption further lowers aluminium inventories

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