SHANGHAI, Jul 27 (SMM) – Social inventories of primary aluminium ingots in China continued to fall over the weekend, suggesting that fundamentals for Shanghai aluminium prices remain firm.

SMM data showed that social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, decreased 3,000 mt from last Thursday July 23 to 699,000 mt as of Monday July 27.

Details:

Wuxi, Jiangsu – 213,000 mt, -3,000 mt

Shanghai – 117,000 mt, +5,000 mt

Nanhai, Guangdong – 174,000 mt, 0 mt

Gongyi, Henan – 35,000 mt, -3,000 mt

Hangzhou, Zhejiang – 96,000 mt, -1,000 mt

Tianjin – 56,000 mt, 0 mt

Linyi, Shandong – 5,000 mt, 0 mt

Chongqing – 3,000 mt, -1,000 mt