Primary aluminium inventories edged down 4,000 mt over holiday

Published: Jun 29, 2020 10:47

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Social inventories of primary aluminium ingots in China extended their declines during the past three-day Dragon Boat Festival holiday, albeit at a slower pace.

SHANGHAI, Jun 29 (SMM) – Social inventories of primary aluminium ingots in China extended their declines during the past three-day Dragon Boat Festival holiday, albeit at a slower pace.

SMM data showed that social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, decreased 4,000 mt from last Wednesday June 24 to 718,000 mt as of Monday June 29.

The stocks shrank 32,000 mt week on week to 722,000 mt as of June 24.

Details:
Wuxi, Jiangsu – 238,000 mt
Shanghai – 110,000 mt
Nanhai, Guangdong – 154,000 mt
Gongyi, Henan – 43,000 mt
Hangzhou, Zhejiang – 103,000 mt
Tianjin – 57,000 mt
Linyi, Shandong – 9,000 mt
Chongqing – 4,000 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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