Primary aluminium inventories fell 3,000 mt on week

Published: Jul 2, 2020 16:34
Primary aluminium ingot inventories in China continued to trend lower this week, albeit at a slower pace, showed SMM data.

SHANGHAI, Jul 2 (SMM) – Primary aluminium ingot inventories in China continued to trend lower this week, albeit at a slower pace, showed SMM data.


Social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, decreased 3,000 mt from last Wednesday June 24 to 719,000 mt as of Thursday July 2, following a decline of 32,000 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 to learn 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
Fed's Jefferson Expresses Cautious Optimism on US Economy, Sees Inflation Returning to 2% Target
1 min ago
Fed's Jefferson Expresses Cautious Optimism on US Economy, Sees Inflation Returning to 2% Target
Read More
Fed's Jefferson Expresses Cautious Optimism on US Economy, Sees Inflation Returning to 2% Target
Fed's Jefferson Expresses Cautious Optimism on US Economy, Sees Inflation Returning to 2% Target
US Fed Vice Chairman Jefferson expressed "cautious optimism" regarding the US economic outlook, suggesting that, driven by robust productivity growth, inflation is expected to pull back to the central bank's 2% target level. Additionally, Jefferson noted that the current policy stance is sufficient to effectively address economic developments.
1 min ago
Auto Trade-In Subsidies Boost Sales, Reaching 53.77 Billion Yuan with Higher Average Car Prices
3 mins ago
Auto Trade-In Subsidies Boost Sales, Reaching 53.77 Billion Yuan with Higher Average Car Prices
Read More
Auto Trade-In Subsidies Boost Sales, Reaching 53.77 Billion Yuan with Higher Average Car Prices
Auto Trade-In Subsidies Boost Sales, Reaching 53.77 Billion Yuan with Higher Average Car Prices
According to big data from the commerce sector, as of February 5, a total of 335,000 subsidy applications had been received for the 2026 auto trade-in policy, effectively boosting new auto sales with a total value of 53.77 billion yuan. Further observation revealed that the average price of new cars involved in the trade-in activity in January exceeded the 160,000 yuan mark, showing a significant increase compared to the previous year.
3 mins ago
Danantara Begins $5.8B Aluminum Smelter Project in West Kalimantan
4 hours ago
Danantara Begins $5.8B Aluminum Smelter Project in West Kalimantan
Read More
Danantara Begins $5.8B Aluminum Smelter Project in West Kalimantan
Danantara Begins $5.8B Aluminum Smelter Project in West Kalimantan
[SMM Aluminum Express News] Danantara officially began construction on a major aluminum smelter and alumina refinery (SGAR) in Mempawah, West Kalimantan, on February 6, 2026. The total investment is Rp 87.7 trillion. The project, managed by Inalum and Antam, will have a 1-million-ton annual capacity.
4 hours ago