Primary aluminium inventories shrank 23,000 mt on week

SHANGHAI, Jul 22 (SMM) – Primary aluminium ingot inventories in China fell this week, showed SMM data.

Social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, decreased 23,000 mt from last Thursday to 809,000 mt as of July 22. Stocks in Shanghai, Wuxi and Nanhai continued to contribute to the decrease. Stocks in Gongyi didn't increase sharply as the transportation of local warehouses were restricted. Stocks of aluminium ingots fluctuated little on week.