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Home / Metal News / Downstream purchases further shrink aluminium stocks

Downstream purchases further shrink aluminium stocks

Oct 18, 2018 11:19

Source:SMM

Social inventories of primary aluminium came in at 1.583 million mt as of Thursday Oct 18, down 30,000 mt from Oct 11

SHANGHAI, Oct 18 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.583 million mt as of Thursday October 18, down some 30,000 mt from Thursday October 11, SMM data showed.

The decline week-on-week exceeds stocks built over the National Day holiday, indicating continued downstream purchases. Inventories in Wuxi and Gongyi declined significantly on the week.

Details:

Wuxi, Jiangsu – 673,000 mt

Shanghai – 354,000 mt

Nanhai, Guangdong – 250,000 mt

Gongyi, Henan – 107,000 mt

Hangzhou, Zhejiang – 97,000 mt

Tianjin – 54,000 mt

Linyi, Shandong – 24,000 mt

Chongqing – 24,000 mt

Inventory data

Aluminium

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SHFE nonferrous metals declined broadly on Friday January 22. Copper fell 0.61%, zinc slumped 2.51%, lead shed 0.66% and nickel weakened 1.13%, while aluminium edged up 0.1% and tin rose 1.83%.

Jan 22, 2021 19:11

SMM Comments

SMM Evening Comments (Jan 22): Nonferrous metals on the SHFE fell for the most part, zinc plunged 2.51%

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Nickel ore inventories across all Chinese ports decreased 260,000 wmt from January 15 to 8.61 million wmt as of January 22, showed SMM data.

Jan 22, 2021 16:56

Analysis

Nickel ore inventories at Chinese ports fell 260,000 wmt to 8.61 million wmt

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Zinc inventories in China fell this week, with stocks in Shanghai and Tianjin decreasing relatively sharply.

Jan 22, 2021 16:09

Analysis

Zinc social inventories shrank 1,100 mt on week

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Jan 22, 2021 15:30

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SMM Comments

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Dec 25, 2020 18:00

SMM Comments

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Dec 25, 2020 11:31

Analysis

China HRC inventories continued their falls this week

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Dec 22, 2020 11:09

Analysis

Iron ore arrivals at Chinese ports rose 2.15 million mt on week

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Analysis

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Downstream purchases further shrink aluminium stocks

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