SHANGHAI, Nov 15 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.453 million mt as of Thursday November 15, down some 32,000 mt from a week ago, SMM data showed.
Downstream buyers stockpiled as spot prices dipped on the week, and this depleted inventories. The week-on-week drop stood 8,000 mt lower from the decline last Thursday.
Details:
Wuxi, Jiangsu – 628,000 mt
Shanghai – 341,000 mt
Nanhai, Guangdong – 209,000 mt
Gongyi, Henan – 76,000 mt
Hangzhou, Zhejiang – 99,000 mt
Tianjin – 51,000 mt
Linyi, Shandong – 25,000 mt
Chongqing – 24,000 mt
For queries, please contact Michael Jiang at michaeljiang@smm.cn
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