Primary aluminium inventories extended decline by 44,000 mt on week

Published: Nov 28, 2019 11:38
Stocks decreased 44,000 mt to 755,000 mt this week, after a decline of 35,000 mt in the previous week

SHANGHAI, Nov 28 (SMM) – Social inventories of primary aluminium in China fell faster this week, SMM data showed.

Stocks across eight consumption areas in China, including SHFE warrants, decreased by 44,000 mt from a week ago to 755,000 mt as of Thursday November 28, after a decline of 35,000 mt in the previous week.

Wuxi, Jiangsu – 233,000 mt

Shanghai – 135,000 mt

Nanhai, Guangdong – 215,000 mt

Gongyi, Henan – 43,000 mt

Hangzhou, Zhejiang – 49,000 mt

Tianjin – 53,000 mt       

Linyi, Shandong – 5,000 mt

Chongqing –22,000 mt

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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