SHANGHAI, Jul 29 (SMM) - SMM data showed that China's social inventories of aluminium across eight consumption areas fell 51,000 mt on the week to 758,000 mt as of July 29.
Henan is still clearing the Longhai Line within the province, but the shipment efficiency is still low, limiting the arrivals in Gongyi and Wuxi. Meanwhile, the outbound volumes are relatively high in many regions. The arrivals in south China are limited. The impact of logistics on the inventories is worth attention.