Supply cuts further lower social inventories of primary aluminium

Published: Nov 29, 2018 12:08

Save

Stocks came in at 1.386 million mt as of Thursday Nov 29, down some 38,000 mt from a week ago

SHANGHAI, Nov 29 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.386 million mt as of Thursday November 29, down some 38,000 mt from a week ago, SMM data showed.

The 2.7% week-over-week decline exceeded the 2% drop in the previous week as recent supply cuts reduced shipments.

It is estimated to take 13.8 days to deplete current social stocks of primary aluminium ingots in China, which is a relatively high level.

Details:

Wuxi, Jiangsu – 585,000 mt

Shanghai – 339,000 mt

Nanhai, Guangdong – 186,000 mt

Gongyi, Henan – 79,000 mt

Hangzhou, Zhejiang – 97,000 mt

Tianjin – 52,000 mt

Linyi, Shandong – 24,000 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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Chinese Prebaked Anode Prices Rise by 385 Yuan/mt for April 2026

[SMM Aluminum Flash] SMM learned that the base selling price of prebaked anodes for April 2026 at a large prebaked anode sales company in China rose by 385 yuan/mt MoM. Regional selling prices were: north-west China: 5,607 yuan/mt; North China: 5,557 yuan/mt; south-west China: 5,607 yuan/mt; South China: 5,607 yuan/mt.

1 hour ago

Shandong Aluminum Plant Sees 300 Yuan/mt Rise in Prebaked Anodes Tender Price for April 2026

[SMM Aluminum Flash] SMM learned that the April tender price for prebaked anodes at a large aluminum plant in Shandong rose by 300 yuan/mt MoM. The spot execution price for prebaked anodes in April 2026 was 5,474 yuan/mt, and the acceptance price was executed at 5,503 yuan/mt.

1 hour ago

Secondary Aluminum PMI Rebounds to 68.8 in March, Expected to Weaken in April

[SMM Flash] SMM data showed that the PMI of the secondary aluminum industry in March rebounded sharply by 40.9 percentage points MoM to 68.8, returning above the 50 mark. In March, enterprises basically resumed normal production, and downstream demand gradually recovered. Both the production and new orders of secondary aluminum enterprises in March increased significantly from February. In April, orders for secondary aluminum are expected to weaken, and the industry PMI is expected to pull back below the 50 mark.

1 hour ago