Primary aluminium inventories dropped 155,000 mt on week

SHANGHAI, Apr 30 (SMM) – Social inventories of primary aluminium ingots in China continued to fall sharply, propelled by strong demand and fewer arrivals.

SMM data showed that social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, decreased 155,000 mt in the week ended April 30 to 1.204 million mt, after a decline of 136,000 mt in the previous week.

The stocks have fallen for four weeks in a row thanks to robust demand.