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Home / Metal News / Primary aluminium inventories extended decline by 50,000 mt on week

Primary aluminium inventories extended decline by 50,000 mt on week

Dec 5, 2019 13:16

Source:SMM

Stocks decreased by 50,000 mt from a week ago to 705,000 mt as of Dec 5

SHANGHAI, Dec 5 (SMM) – Social inventories of primary aluminium in China fell faster this week, SMM data showed, due to robust demand.

Stocks across eight consumption areas in China, including SHFE warrants, decreased by 50,000 mt from a week ago to 705,000 mt as of Thursday December 5, after a decline of 44,000 mt in the previous week.

Wuxi, Jiangsu – 216,000 mt

Shanghai – 130,000 mt

Nanhai, Guangdong – 184,000 mt

Gongyi, Henan – 43,000 mt

Hangzhou, Zhejiang – 53,000 mt

Tianjin – 53,000 mt

Linyi, Shandong – 5,000 mt

Chongqing –21,000 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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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SMM Evening Comments (Jun 23): Shanghai nonferrous metals closed mostly higher ahead of PMI data

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SMM Comments

SMM Evening Comments (Jun 23): Shanghai nonferrous metals closed mostly higher ahead of PMI data

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SMM Evening Comments (Jun 22): Shanghai nonferrous metals rose across the board, nickel advanced 3.58%

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SMM Comments

SMM Evening Comments (Jun 21): Shanghai nonferrous metals declined for the most part, lead climbed 1.95%

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LME base metals closed mixed in the overnight trading last Friday, as the expanding inflation and rising US dollar weighed on the market, but short supply still supported the prices. SHFE metals basically went down.

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Primary aluminium inventories extended decline by 50,000 mt on week

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