Primary aluminium inventories extend decline over weekend_SMM

Compliance Centre Products About Us Contact Us

English

English 中文

News

Non-ferrous

Base metals

Minor metals

Precious metals

Scrap metals

Rare earth

Steel

Coke Iron Ore Pig Iron Finished Steel Stainless Steel

New Energy

Cobalt Lithium Ternary Precursor and Material Chemical compound

Price News Publication Database Events Consulting

Publication Database Events Consulting SMM APP Compliance Centre About Us SMM Credit Service Contact Us What We Do?

Home / Metal News / Aluminium / Primary aluminium inventories extend decline over weekend

Primary aluminium inventories extend decline over weekend

Jul 29,2019 11:10

CST

data analysis

Source:SMM

Stocks decreased by 6,000 mt from Jul 25 to stand at 1.029 million mt as of Jul 29

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

Inventory data

Aluminium

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SHFE nonferrous metals rose across the board on Friday, as market sentiment was rallied after China’s Ministry of Finance pledged to make an early allocation of the special-purpose bond quotas for transportation infrastructure construction.

Apr 3, 2020 19:05 timezone

CST

price review & forecast

SMM Evening Comments (Apr 3): Shanghai base metals higher across the board on stimulus hope

Lead social inventories fell slower on greater supply of secondary lead

Social inventories of lead ingots in China continued to trend downsides this week, but the decline slowed down from a week ago due to rising supplies of secondary lead.

Apr 3, 2020 18:20 timezone

CST

data analysis

Lead social inventories fell slower on greater supply of secondary lead

SMM Evening Comments (Apr 2): Shanghai base metals mixed on Thursday, copper advanced on oil price rally

Crude oil prices jumped on Thursday, following their biggest-ever quarterly losses, as US President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war.

Apr 2, 2020 19:16 timezone

CST

price review & forecast

SMM Evening Comments (Apr 2): Shanghai base metals mixed on Thursday, copper advanced on oil price rally

Vietnam lockdown to add pressure on China’s aluminium exports

The impact from the coronavirus pandemic on China’s aluminium exports is mounting as greater part of the world comes under lockdown to stop the spread of the virus. On Wednesday, Vietnam, a major buyer of Chinese aluminium, entered into a 15-day period of nationwide isolation. Residents are required to stay at home and can only go outside for “essential needs,” such as food, medicines, urgent medical services or to go to work at companies permitted by the government to remain open.

Apr 1, 2020 14:43 timezone

CST

smm insight

Vietnam lockdown to add pressure on China’s aluminium exports

SMM Morning Comments (Apr 1): Shanghai base metals opened mostly higher after Beijing pledged more stimulus

Shanghai base metals opened mostly higher on Wednesday morning, as Beijing said that it will roll out a set of fiscal and financial policies to expand domestic demand, assist businesses reopening, sustain employment, and help all types of businesses to weather this difficult time.

Apr 1, 2020 09:52 timezone

CST

price review & forecast

SMM Morning Comments (Apr 1): Shanghai base metals opened mostly higher after Beijing pledged more stimulus

Zinc social inventories fell 3,000 mt over weekend

Zinc inventories in China continued to fall over the weekend, propelled by declines in east and north China where downstream consumers were keen to make purchases. SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei stood at 304,000 mt as of Monday March 30, down 3,000 mt from Friday March 27 and 20,000 mt from Monday March 23.

Mar 30, 2020 14:10 timezone

CST

data analysis

Zinc social inventories fell 3,000 mt over weekend

Primary aluminium inventories dipped 3,000 mt over the weekend

SMM data showed that stocks across eight consumption areas in China, including SHFE warrants, decreased 3,000 mt from last Thursday March 26 to 1.664 million mt as of Monday March 30.

Mar 30, 2020 11:32 timezone

CST

data analysis

Primary aluminium inventories dipped 3,000 mt over the weekend

China steel rebar inventories fell for two weeks, but remained higher on year

Inventories of steel rebar across Chinese steelmakers and social warehouses fell for the second consecutive week as of March 26 on the back of improved downstream purchases. However, the overall inventories remained significantly higher than the same period after the Chinese New Year holiday last year, which threatens some downside risk in spot rebar prices. SMM expects the overall inventories to return to levels of the previous year only around mid-May.

Mar 27, 2020 10:37 timezone

CST

data analysis

China steel rebar inventories fell for two weeks, but remained higher on year

Aluminium billet inventories shrank 4,900 mt on week

Inventories of aluminium billet in China fell for the third consecutive week as of March 26, due to stable deliveries and reduced arrivals.

Mar 26, 2020 14:32 timezone

CST

data analysis

Aluminium billet inventories shrank 4,900 mt on week

Long steel social inventories in Guangzhou fell 4.2% on week

Social inventories of long steel (including wire rods and rebar) in Guangzhou fell 4.24% in the week ended March 25 to 2.3 million mt, 25.49% higher than the same period after the Lunar New Year holiday last year, showed SMM data.

Mar 25, 2020 14:58 timezone

CST

data analysis

Related news