Primary aluminium inventories shrank 4,000 mt on week

Published: Jul 16, 2020 15:33
Primary aluminium ingot inventories in China extended a downward trend this week, albeit at a slower pace, showed SMM data.

SHANGHAI, Jul 16 (SMM) – Primary aluminium ingot inventories in China extended a downward trend 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 4,000 mt from a week ago to 708,000 mt as of Thursday July 16, following a decline of 7,000 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
China's Secondary Aluminum Alloy Ingot Inventory Rises 380 mt, Foshan, Ningbo, Wuxi See Slight Buildup
24 mins ago
China's Secondary Aluminum Alloy Ingot Inventory Rises 380 mt, Foshan, Ningbo, Wuxi See Slight Buildup
Read More
China's Secondary Aluminum Alloy Ingot Inventory Rises 380 mt, Foshan, Ningbo, Wuxi See Slight Buildup
China's Secondary Aluminum Alloy Ingot Inventory Rises 380 mt, Foshan, Ningbo, Wuxi See Slight Buildup
[SMM Express] Today, the inventory of secondary aluminum alloy ingots in China's major consumption areas increased by 380 mt compared with yesterday, with slight inventory buildup observed in Foshan, Ningbo, and Wuxi.
24 mins ago
U.S. Announced Extension of Ceasefire but Maintained Blockade, LME Prices Still Had Upward Momentum [SMM Aluminum Morning Meeting Minutes]
34 mins ago
U.S. Announced Extension of Ceasefire but Maintained Blockade, LME Prices Still Had Upward Momentum [SMM Aluminum Morning Meeting Minutes]
Read More
U.S. Announced Extension of Ceasefire but Maintained Blockade, LME Prices Still Had Upward Momentum [SMM Aluminum Morning Meeting Minutes]
U.S. Announced Extension of Ceasefire but Maintained Blockade, LME Prices Still Had Upward Momentum [SMM Aluminum Morning Meeting Minutes]
[U.S. announced ceasefire extension but maintained blockade; LME prices still had upward momentum] Overall, the strait blockade continued, and the supply gap outside China along with ongoing LME inventory drawdowns supported LME prices to hold up well. Meanwhile, China's aluminum ingot inventory remained at elevated levels, and attention should be paid to whether the turning point in China's inventory could materialize smoothly.
34 mins ago
[SMM Analysis]China's Aluminum Wire Exports Surge 13% in March, Driven by Global Demand and Price Spread
13 hours ago
[SMM Analysis]China's Aluminum Wire Exports Surge 13% in March, Driven by Global Demand and Price Spread
Read More
[SMM Analysis]China's Aluminum Wire Exports Surge 13% in March, Driven by Global Demand and Price Spread
[SMM Analysis]China's Aluminum Wire Exports Surge 13% in March, Driven by Global Demand and Price Spread
This week, the weekly operating rate of China's leading aluminum downstream processing enterprises pulled back 0.5 percentage points WoW to 64.7%. The industry continued its weak recovery pattern, with divergence among segments intensifying.
13 hours ago