Greater arrivals, weak demand extend gains in primary aluminium inventories

SHANGHAI, Aug 15 (SMM) – Social inventories of primary aluminium in China rose for a third straight week this week, as more cargoes arrived at Wuxi and as demand remained weak in Guangdong in a low season.

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 1.051 million mt as of Thursday August 15.

Wuxi, Jiangsu – 314,000 mt

Shanghai – 201,000 mt

Nanhai, Guangdong – 288,000 mt

Gongyi, Henan – 103,000 mt

Hangzhou, Zhejiang – 56,000 mt

Tianjin – 51,000 mt

Linyi, Shandong – 14,000 mt

Chongqing –24,000 mt