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Home / Metal News / Primary aluminium inventories dropped 70,000 mt during May 6-11

Primary aluminium inventories dropped 70,000 mt during May 6-11

May 11, 2020 13:26

Source:SMM

Social inventories of primary aluminium ingots in China continued to fall after the Labour Day holiday, as demand remained robust while arrivals were limited.

SHANGHAI, May 11 (SMM) – Social inventories of primary aluminium ingots in China continued to fall after the 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 70,000 mt from Wednesday May 6 to 1.102 million mt as of Monday May 11, after a decline of 32,000 mt between April 30 and May 6.

Details:

Wuxi, Jiangsu – 468,000 mt

Shanghai – 143,000 mt

Nanhai, Guangdong – 232,000 mt

Gongyi, Henan – 69,000 mt

Hangzhou, Zhejiang – 113,000 mt

Tianjin – 56,000 mt

Linyi, Shandong – 9,000 mt

Chongqing –12,000 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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Analysis

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SMM data showed that China’s social inventories of aluminium across eight consumption areas fell 26,000 mt on the week to 832,000 mt as of June 24, mainly due to the decline in Wuxi and Hainan.

Jul 15, 2021 18:00

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Jul 12, 2021 17:00

Analysis

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Jul 9, 2021 17:53

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Jul 9, 2021 20:00

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SHFE nonferrous metals rose for the most part on Monday January 25. Copper edged up 0.07%, zinc added 0.74%, lead jumped 2.91%, nickel advanced 0.88% and tin surged 4.09%, while aluminium shed 0.17%.

Jan 25, 2021 19:08

SMM Comments

SMM Evening Comments (Jan 25): Nonferrous metals on the SHFE rose broadly, tin surged 4.09%

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Jan 21, 2021 10:00

SMM Comments

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Jan 20, 2021 19:07

SMM Comments

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Dec 14, 2020 10:11

SMM Comments

SMM Morning Comments (Dec 14): Nonferrous metals on the LME advanced across the board, the SHFE complex mixed

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Nonferrous metals on the SHFE rose for the most part on Thursday morning, holding onto overnight gains, while their counterparts on the LME cruised lower mostly.

Dec 10, 2020 09:55

SMM Comments

SMM Morning Comments (Dec 10): Shanghai base metals were mostly higher, while the LME complex fell for the most part

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Primary aluminium inventories dropped 70,000 mt during May 6-11

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