Primary aluminium inventories extend decline over weekend

SHANGHAI, Jul 29 (SMM) – Social inventories of primary aluminium in China continued to fall over the weekend, as fewer cargoes arrived at social warehouses.

SMM data showed that stocks across eight consumption areas in China, including SHFE warrants, decreased by 6,000 mt from Thursday July 25 to stand at 1.029 million mt as of Monday July 29.

Wuxi, Jiangsu – 307,000 mt

Shanghai – 199,000 mt

Nanhai, Guangdong – 264,000 mt

Gongyi, Henan – 104,000 mt

Hangzhou, Zhejiang – 62,000 mt

Tianjin – 52,000 mt

Linyi, Shandong – 17,000 mt

Chongqing –24,000 mt