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Home / Metal News / Primary aluminium social stocks extend decline amid fewer arrivals

Primary aluminium social stocks extend decline amid fewer arrivals

Nov 8, 2018 10:49

Source:SMM

Social inventories of primary aluminium came in at 1.485 million mt as of Thursday Nov 8, down some 40,000 mt from a week ago

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

Inventory data

Aluminium

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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Primary aluminium social stocks extend decline amid fewer arrivals

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