Primary aluminium inventories extended decline by 37,000 mt over weekend

SHANGHAI, Dec 16 (SMM) – Social inventories of primary aluminium in China continued to trend lower over the weekend, SMM data showed, with Guangdong remaining the contributor to more than half of the decline.

Stocks across eight consumption areas in China, including SHFE warrants, decreased by 37,000 mt from last Thursday December 12 to 611,000 mt as of Monday December 16.

Wuxi, Jiangsu – 198,000 mt

Shanghai – 116,000 mt

Nanhai, Guangdong – 136,000 mt

Gongyi, Henan – 36,000 mt

Hangzhou, Zhejiang – 52,000 mt

Tianjin – 52,000 mt     

Linyi, Shandong – 5,000 mt

Chongqing –16,000 mt