Primary aluminium inventories dropped 32,000 mt over the holiday

Published: May 6, 2020 12:00

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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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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