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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

For queries, please contact William Gu at williamgu@smm.cn

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SMM Comments

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SMM Comments

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Dec 25, 2020 18:00

SMM Comments

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Dec 21, 2020 10:05

SMM Comments

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Nov 23, 2020 17:30

SMM Comments

SMM Evening Comments (Nov 23): Shanghai nonferrous metals closed mostly higher, tin fell 0.01%

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Nov 20, 2020 09:25

SMM Comments

SMM Morning Comments (Nov 20): Shanghai base metals were mostly higher and the LME complex also rose for the most part

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Nov 16, 2020 18:48

SMM Comments

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Nov 12, 2020 09:28

SMM Comments

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Nov 11, 2020 18:36

SMM Comments

SMM Evening Comments (Nov 11): Shanghai nonferrous metals ended mostly lower, aluminium rose 1.57%

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Nov 11, 2020 09:20

SMM Comments

SMM Morning Comments (Nov 11): Shanghai base metals performance mixed as coronavirus vaccine hopes buoy sentiment

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Downstream purchases further shrink aluminium stocks

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