Limited arrivals, pre-holiday stockpiling extend declines in primary aluminium stocks

Published: Apr 29, 2019 12:03

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Stocks dropped 43,000 mt from Apr 25 to stand at 1.47 million mt as of Apr 29

SHANGHAI, Apr 29 (SMM) – Primary aluminium stocks in China continued to fall over the weekend, as buyers stockpiled for the upcoming Labour Day holiday and as limited cargoes arrived.

SMM data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, dropped 43,000 mt from Thursday April 25 to stand at 1.47 million mt as of Monday April 29.

Details:

Wuxi, Jiangsu – 532,000 mt

Shanghai – 285,000 mt

Nanhai, Guangdong – 323,000 mt

Gongyi, Henan – 107,000 mt

Hangzhou, Zhejiang – 115,000 mt

Tianjin – 58,000 mt

Linyi, Shandong – 22,000 mt

Chongqing –28,000 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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