Greater arrivals, weak demand extend gains in primary aluminium inventories

Published: Aug 15, 2019 11:34

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Stocks increased by 1,000 mt from a week ago to stand at 1.051 million mt as of Aug 15

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

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.

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