Greater consumption, fewer arrivals extend declines in inventories of primary aluminium

SHANGHAI, May 9 (SMM) – Primary aluminium stocks in China continued to fall this week, due to limited arrivals and strong demand.

SMM data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, dropped 33,000 mt from Sunday May 5 to stand at 1.409 million mt as of Thursday May 9.

Details:

Wuxi, Jiangsu – 506,000 mt

Shanghai – 277,000 mt

Nanhai, Guangdong – 310,000 mt

Gongyi, Henan – 99,000 mt

Hangzhou, Zhejiang – 113,000 mt

Tianjin – 57,000 mt

Linyi, Shandong – 18,000 mt

Chongqing –29,000 mt