Supply cuts further lower inventories of primary aluminium

Published: Dec 13, 2018 11:59 (GMT+8)

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Stocks came in at 1.295 million mt as of Thursday Dec 13, down 57,000 mt from a week ago

SHANGHAI, Dec 13 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.295 million mt as of Thursday December 13, down 57,000 mt from Thursday December 6, SMM data showed.

Supply cuts accounted for the 4.2% week-on-week decline that exceeded the 2.5% drop in the previous week.

Details:

Wuxi, Jiangsu – 542,000 mt

Shanghai – 319,000 mt

Nanhai, Guangdong – 166,000 mt

Gongyi, Henan – 73,000 mt

Hangzhou, Zhejiang – 92,000 mt

Tianjin – 54,000 mt

Linyi, Shandong – 26,000 mt

Chongqing – 23,000 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.

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