Aluminium Ingot Inventory Dropped to 874,000 mt, Led by Wuxi

Published: Jun 6, 2022 15:22

Source: SMM

Save

SHANGHAI, Jun 6 (SMM) - The aluminium ingot social inventories across China’s eight major markets totalled 874,000 mt as of June 6, down 8,000 mt from last Thursday.

SHANGHAI, Jun 6 (SMM) - The aluminium ingot social inventories across China’s eight major markets totalled 874,000 mt as of June 6, down 8,000 mt from last Thursday. The collateral scandal triggered pandemic-induced cargo pick-up from warehouses last week, with the weekly shipments out of warehouses rising to 188,000 mt, a new high for this year. The overall inventory decline was led by a drop of 20,000 mt in Wuxi. Inventory in Gongyi rose slightly due to arrivals during the Dragon Boat Festival. Inventory in Foshan was little changed as some local warehouses suspended operations in the wake of collateral scandal. Considering that certain amounts of cargoes will arrive in Gongyi this week and next week, the total inventory may fall at a slower pace.

Inventory

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

23 mins ago

China and Laos Signed an MOU on the Oudomxay AI Green Power Aluminum Project Together

Vientiane recently marked a major milestone in China-Laos green industrial cooperation—Krittaphong Group Co., Ltd. and CGN Energy Technology (Laos) Co., Ltd., together with the Ministry of Industry and Commerce of Laos and Oudomxay Province, officially signed a Memorandum of Understanding (MOU) for the Oudomxay AI Green Electricity Eco-Aluminum Industrial Park Project. Tang Danzhong, Deputy General Manager of Guangxi Investment Group, and Lin Rui, Chairman of Electricite du Laos Transmission Company Limited (EDL-T), attended the signing ceremony as witnesses, fully demonstrating all parties’ firm confidence in and full support for the project’s smooth implementation. The project will center on 500,000 mt of aluminum capacity, alongside the supporting development of a 2 million kW clean energy base, and is expected to join hands with Guangxi Investment Group, a core industrial investor, to build a complete eco-industrial base for the entire aluminum industry chain.

23 mins ago

24 mins ago

SHFE Cast Aluminum Alloy Warrants Drop to 50,319 mt, Down 1,109 mt from Previous Day

[SMM Flash] SHFE data showed that as of March 19, the total registered volume of cast aluminum alloy warrants was 50,319 mt, down 1,109 mt from the previous trading day. By region, the total registered volume was Shanghai (4,055 mt, down 211 mt), Guangdong (18,312 mt, down 119 mt), Jiangsu (6,043 mt, down 269 mt), Zhejiang (16,379 mt, down 510 mt), Chongqing (4,053 mt, increase 0 mt), and Sichuan (1,477 mt, increase 0 mt).

24 mins ago

2 hours ago

Data: SHFE, DCE market movement (Mar 19)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 19 Mar , 2026

2 hours ago