Aluminium Ingot Stocks In China Fall, But There Are Risks Of Massive Arrivals In Late July Or Early August 

SHANGHAI, Jul 27 (SMM) – SMM data shows aluminium ingot stocks across eight major markets in China were 536,000 mt as of July 27, down 18,000 mt from a week ago and 135,000 mt from a year ago. Limited arrivals and improved consumption contributed to inventory drop. Yet, there are risks of concentrated arrivals at the end of July or early August, especially in Gongyi. The weekly destocking was mainly contributed by Wuxi and Gongyi, with decline of 4,000 mt and 6,000 mt respectively compared to this Monday. Arrivals in Wuxi fell nearly 20%. Gongyi were affected by hindered arrivals.  

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