Primary aluminium inventories expand 1,000 mt on week

Published: Aug 8, 2019 11:06

Save

Stocks increased by 1,000 mt from a week ago to stand at 1.041 million mt as of Aug 8

SHANGHAI, Aug 8 (SMM) – Social inventories of primary aluminium in China rose for a second straight week this week, as a low consumption season continued.

SMM data showed that stocks across eight consumption areas in China, including SHFE warrants, increased by 1,000 mt from a week ago to stand at 1.041 million mt as of Thursday August 8.

Wuxi, Jiangsu – 304,000 mt

Shanghai – 202,000 mt

Nanhai, Guangdong – 274,000 mt

Gongyi, Henan – 114,000 mt

Hangzhou, Zhejiang – 56,000 mt

Tianjin – 51,000 mt

Linyi, Shandong – 15,000 mt

Chongqing –25,000 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 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 to learn 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

21 mins ago

Qatar Production-Cut News Boosts Prices; Overnight LME Aluminum and SHFE Aluminum Both Close Higher [SMM Aluminum Morning Meeting Minutes]

[SMM Aluminum Morning Meeting Minutes: Qatar Production-Cut News Provided a Boost; Overnight LME Aluminum and SHFE Aluminum Both Closed Higher] Overall, aluminum prices showed a trajectory of falling first and then rising around the Chinese New Year, and SHFE aluminum is expected to hold up well in the short term.

21 mins ago

23 mins ago

Overnight, cast aluminum alloy futures fluctuated and closed higher; spot cargo held up well [SMM Cast Aluminum Alloy Morning Comment]

[SMM Cast Aluminum Alloy Morning Comment: Overnight Cast Aluminum Alloy Futures Fluctuated and Closed Higher; Spot Cargo Held Up Well] Overnight, the cast aluminum alloy 2604 contract showed a fluctuating trend, dipping first and then rising. After the open, prices quickly fell to an intraday low of 22,765 yuan/mt, then bottomed out and rebounded, fluctuating upward. During the session, the tug-of-war between longs and shorts was intense, with prices repeatedly seesawing; toward the close, prices gradually moved higher, recouping most of the losses. It ultimately closed up 1.49% at 23,090 yuan/mt.

23 mins ago

13 hours ago

QatarEnergy to Suspend Production of Certain Downstream LNG Products

QatarEnergy announced in a news release on its official website that, after deciding to halt production of liquefied natural gas (LNG) and its related products, the company will also suspend production of certain downstream products within Qatar, specifically including urea, polymers, methanol, and aluminum.

13 hours ago