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

iconMay 9, 2019 11:59
Source:SMM
Stocks dropped 33,000 mt from May 5 to stand at 1.409 million mt as of May 9

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

Inventory data
Aluminium
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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