Primary aluminium inventories fell 86,000 mt on week

Published: May 28, 2020 16:23
Social inventories of primary aluminium ingots in China continued their steep fall this week, showed the latest SMM data.

SHANGHAI, May 28 (SMM) – Social inventories of primary aluminium ingots in China continued their steep fall this week, showed the latest SMM data.

 

Social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, decreased 86,000 mt in the week ended May 28 to 893,000 mt, after a decline of 79,000 mt in the previous week.

 

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
China's Cast Aluminum Alloy Ingots Inventory Falls for 10 Weeks, Destocking Pace Slows
2 hours ago
China's Cast Aluminum Alloy Ingots Inventory Falls for 10 Weeks, Destocking Pace Slows
Read More
China's Cast Aluminum Alloy Ingots Inventory Falls for 10 Weeks, Destocking Pace Slows
China's Cast Aluminum Alloy Ingots Inventory Falls for 10 Weeks, Destocking Pace Slows
[SMM Aluminum Alloy Express] SMM data showed that China’s social inventory of cast aluminum alloy ingots fell to 24,000 mt, marking ten consecutive weeks of destocking, with a cumulative decline of 38,900 mt. However, the pace of destocking slowed significantly this week, recording a mere WoW drop of 200 mt, as warehouse withdrawal momentum further weakened. The market remains in the high-temperature off-season, with end-use demand staying weak. Meanwhile, the continued strengthening of futures drove a widening of the futures premium, and spread traders have started to make purchases on dips.
2 hours ago
30,000 mt Alumina Traded at $356/mt FOB East Australia for September 2026
2 hours ago
30,000 mt Alumina Traded at $356/mt FOB East Australia for September 2026
Read More
30,000 mt Alumina Traded at $356/mt FOB East Australia for September 2026
30,000 mt Alumina Traded at $356/mt FOB East Australia for September 2026
Alumina Transaction: On August 5, 2026, 30,000 mt of alumina were transacted at $356/mt FOB East Australia for September loading.
2 hours ago
[LME Aluminium Reclaims USD 3,200/t as US-Iran Peace Talks Lift Sentiment]
2 hours ago
[LME Aluminium Reclaims USD 3,200/t as US-Iran Peace Talks Lift Sentiment]
Read More
[LME Aluminium Reclaims USD 3,200/t as US-Iran Peace Talks Lift Sentiment]
[LME Aluminium Reclaims USD 3,200/t as US-Iran Peace Talks Lift Sentiment]
Three-month LME aluminium futures rose 1.3% to USD 3,263.50/tonne as renewed optimism over US-Iran peace talks weakened the US dollar and eased fears over global energy supplies and shipping disruptions; earlier hostilities had shut the Bab-el-Mandeb Strait, cutting off the Red Sea–Gulf of Aden route and forcing vessels to reroute around the Cape of Good Hope, lengthening transit times and pushing up freight and insurance costs, while LME aluminium inventories fell 5,675 tonnes to 238,350 tonnes, signaling tighter exchange stocks.
2 hours ago
Primary aluminium inventories fell 86,000 mt on week - Shanghai Metals Market (SMM)