Supply cuts further lower inventories of primary aluminium

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