SMM data showed that the stocks fell 4,300 mt from the prior week to 435,500 mt as of Friday July 16.

The outbound volume of the aluminium billet rose by 800 mt to 48,300 mt last week, an increase of 1.6%. Aluminium prices fluctuated at high levels, and downstream users were less willing to purchase.

Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin increased 12,500 mt from the prior week and rose 9,600 mt from July 5 to 143,500 mt as of Friday July 9, hitting a record high since January 2015, an SMM survey showed.

Social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, decreased 18,000 mt from last Thursday to 858,000 mt as of July 8.

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei decreased 3,600 mt in the week ended July 2 to 112,900 mt. The stocks fell 3,600 mt from Monday June 28.

SMM data showed that China’s social inventories of aluminium across eight consumption areas increased 2,000 mt on the week to 876,000 mt as of July 1.

Inventories of refined nickel in the Shanghai bonded areas decreased 1,700 mt from a week ago and stood at 16,700 mt as of March 5, showed SMM data.

Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, rose 91,000 mt on the week to 1.17 million mt as of March 4, and stocks in Wuxi, Nanhai and Gongyi mainly contributed to the increase.

Inventories of rebar across Chinese steelmakers and social warehouses stood at 17.35 million mt as of March 4, up 6.56% from a week ago. From the time dimension of the lunar calendar, stocks are down 4.4% from a year earlier.

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei increased 2,300 mt from last Friday February 26 to 264,400 mt as of Monday March 1. The stocks were up 12,000 mt from February 22.