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Primary aluminium inventories dropped 32,000 mt over the holiday

iconMay 6, 2020 12:00
Source:SMM
Social inventories of primary aluminium ingots in China continued to fall over the five-day Labour Day holiday, as demand remained robust while arrivals were limited.

SHANGHAI, May 6 (SMM) – Social inventories of primary aluminium ingots in China continued to fall over the five-day Labour Day holiday, as demand remained robust while arrivals were limited.

 

SMM data showed that social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, decreased 32,000 mt from Thursday April 30 to 1.172 million mt as of Wednesday May 6, after a decline of 155,000 mt in the week ended April 30.

 

Details:

Wuxi, Jiangsu – 498,000 mt

Shanghai – 155,000 mt

Nanhai, Guangdong – 248,000 mt

Gongyi, Henan – 75,000 mt

Hangzhou, Zhejiang – 119,000 mt

Tianjin – 56,000 mt

Linyi, Shandong – 8,000 mt

Chongqing –13,000 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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