Limited arrivals, preholiday stockpiling extends decline in aluminium inventories

Published: Sep 27, 2018 11:57

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Stocks decreased by some 33,000 mt to stand at 1.59 million mt as of Thursday Sep 27

SHANGHAI, Sep 27 (SMM) – Primary aluminium inventories across major consumption areas in China extended their declines this week as downstream consumers stockpiled ahead of the week-long National Day holiday and as limited materials arrived at the warehouses, SMM research found.

Stocks across eight consumption areas, including SHFE warrants, decreased by some 33,000 mt from a week ago to stand at 1.59 million mt as of Thursday September 27, SMM data showed.

Details:

Wuxi, Jiangsu – 686,000 mt

Shanghai – 363,000 mt

Nanhai, Guangdong – 203,000 mt

Gongyi, Henan – 138,000 mt

Hangzhou, Zhejiang – 93,000 mt

Tianjin – 56,000 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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