Primary aluminium inventories extended decline by 19,000 mt on week

SHANGHAI, Nov 14 (SMM) – Social inventories of primary aluminium in China extended their decline this week, as stocks in Nanhai continued to fall sharply.

SMM data showed that stocks across eight consumption areas in China, including SHFE warrants, decreased by 19,000 mt from a week ago to 834,000 mt as of Thursday November 14, after a decline of 17,000 mt in the previous week.

Nanhai saw a drop of 16,000 mt this week, while stocks in Wuxi gained 8,000 mt.

Wuxi, Jiangsu – 239,000 mt

Shanghai – 144,000 mt

Nanhai, Guangdong – 263,000 mt

Gongyi, Henan – 53,000 mt

Hangzhou, Zhejiang – 55,000 mt

Tianjin – 54,000 mt         

Linyi, Shandong – 5,000 mt

Chongqing –21,000 mt