Downstream purchases, limited arrivals further lower aluminium inventories

Published: Sep 25, 2018 11:36

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Stocks across eight consumption areas decreased by some 17,000 mt from Sep 20 to stand at 1.606 million mt as of Tuesday Sep 25

SHANGHAI, Sep 25 (SMM) – Primary aluminium inventories across major consumption areas in China extended their losses as downstream buyers stockpiled and limited cargoes arrived, SMM research found.

Stocks across eight consumption areas, including SHFE warrants, decreased by some 17,000 mt from Thursday September 20 to stand at 1.606 million mt as of Tuesday September 25, SMM data showed.

Details:

Wuxi, Jiangsu – 693,000 mt

Shanghai – 366,000 mt

Nanhai, Guangdong – 205,000 mt

Gongyi, Henan – 139,000 mt

Hangzhou, Zhejiang – 94,000 mt

Tianjin – 58,000 mt

Linyi, Shandong – 24,000 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.

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