Primary aluminium social stocks extend decline amid fewer arrivals

SHANGHAI, Nov 8 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.485 million mt as of Thursday November 8, down some 40,000 mt from Thursday November 1, SMM data showed.

SMM believes that fewer arrivals accounted for the extended decline in social inventories.

Details:

Wuxi, Jiangsu – 643,000 mt

Shanghai – 341,000 mt

Nanhai, Guangdong – 220,000 mt

Gongyi, Henan – 78,000 mt

Hangzhou, Zhejiang – 98,000 mt

Tianjin – 56,000 mt

Linyi, Shandong – 25,000 mt

Chongqing – 24,000 mt