Primary aluminium inventories shrink 30,000 mt on week

Published: Jun 27, 2019 11:15
Stocks fell 30,000 mt from a week ago to stand at 1.051 million mt as of Jun 27

SHANGHAI, Jun 27 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, fell 30,000 mt from a week ago to stand at 1.051 million mt as of Thursday June 27, after a drop of 37,000 mt in the week ended June 20, showed SMM data.

Wuxi, Jiangsu – 353,000 mt

Shanghai – 208,000 mt

Nanhai, Guangdong – 246,000 mt

Gongyi, Henan – 101,000 mt

Hangzhou, Zhejiang – 60,000 mt

Tianjin – 54,000 mt

Linyi, Shandong – 7,000 mt

Chongqing –22,000 mt

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Hongqiao Holdings to Acquire Yunnan Energy and Tech Firms for RMB 2.05 Billion
1 hour ago
Hongqiao Holdings to Acquire Yunnan Energy and Tech Firms for RMB 2.05 Billion
Read More
Hongqiao Holdings to Acquire Yunnan Energy and Tech Firms for RMB 2.05 Billion
Hongqiao Holdings to Acquire Yunnan Energy and Tech Firms for RMB 2.05 Billion
On September 10, the signing ceremony for Tai'an Aluminum's annual 50,000-tonne industrial profile project was held at the Commerce Bureau of Anyi County. The project is invested and built by Jiangxi Tai'an Aluminum Co., Ltd. with a total investment of approximately RMB 400 million. It plans to construct workshops covering 48,500 square meters plus 8,000 square meters of dormitories and office buildings, featuring five major workshops—melting and casting, die casting, CNC machining, quality inspection, and packaging—equipped with professional equipment such as melting furnaces, refining furnaces, and aging furnaces, along with an intelligent aluminum melting and casting system.
1 hour ago
Hongqiao Holdings to Acquire Two Yunnan Companies for RMB 2.05 Billion in Related-Party Transaction
1 hour ago
Hongqiao Holdings to Acquire Two Yunnan Companies for RMB 2.05 Billion in Related-Party Transaction
Read More
Hongqiao Holdings to Acquire Two Yunnan Companies for RMB 2.05 Billion in Related-Party Transaction
Hongqiao Holdings to Acquire Two Yunnan Companies for RMB 2.05 Billion in Related-Party Transaction
On September 11, Hongqiao Holdings announced that it plans to acquire 100% equity stakes in Yunnan Hongqiao New Energy Co., Ltd. and Yunnan Weiqiao Xinchuang Science and Technology Industrial Park Development Co., Ltd. through its subsidiary Yunnan Hongqiao New Materials Co., Ltd., for a total cash consideration of RMB 2.05 billion. The transaction constitutes a related-party transaction: the seller of the Yunnan Hongqiao New Energy stake is Shandong Hongqiao, the company's indirect controlling shareholder, which also directly holds 2% of the company's shares; the seller of the Yunnan Xinhе stake is Binzhou Public Construction, a wholly-owned subsidiary of Shandong Weiqiao Pioneering Group controlled by the company's actual controller. Upon completion, the target companies will become wholly-owned subsidiaries of the company and be consolidated into its financial statements.
1 hour ago
Jiaozuo Wanfang Terminates Share Issuance for Asset Purchase, Withdraws Application Due to Market Changes
1 hour ago
Jiaozuo Wanfang Terminates Share Issuance for Asset Purchase, Withdraws Application Due to Market Changes
Read More
Jiaozuo Wanfang Terminates Share Issuance for Asset Purchase, Withdraws Application Due to Market Changes
Jiaozuo Wanfang Terminates Share Issuance for Asset Purchase, Withdraws Application Due to Market Changes
On September 14, Jiaozuo Wanfang announced that at its 15th meeting of the 10th Board of Directors, it reviewed and approved the proposal to terminate the share issuance for asset purchase and related-party transaction and to withdraw the application documents. Given that market conditions have changed significantly compared with the initial planning stage, the company and the major counterparties, after careful consideration, jointly decided to terminate the transaction. The transaction originally intended to purchase a 99.4375% stake in Cayman Aluminum (Sanmenxia) Co., Ltd. from 19 counterparties, constituting a major asset restructuring and a related-party transaction. The termination will not have any material adverse effect on the company's main business or financial position, and the company has committed not to plan any major asset restructuring for at least one month from the date of the announcement.
1 hour ago