Primary aluminium inventories extended decline by 12,000 mt on week

SHANGHAI, Oct 31 (SMM) – Social inventories of primary aluminium in China extended their decline this week, as arrivals remained limited while consumption generally stayed robust.

SMM data showed that stocks across eight consumption areas in China, including SHFE warrants, decreased by 12,000 mt from a week ago to 870,000 mt as of Thursday October 31.

Wuxi, Jiangsu – 231,000 mt

Shanghai – 150,000 mt

Nanhai, Guangdong – 298,000 mt

Gongyi, Henan – 61,000 mt

Hangzhou, Zhejiang – 46,000 mt

Tianjin – 52,000 mt           

Linyi, Shandong – 8,000 mt

Chongqing –24,000 mt