Aluminium inventory down further on stronger buying interest

SHANGHAI, Jun 28 (SMM) – China's social inventory of primary aluminium extended its decline over the week ended Thursday June 28 as downstream consumers became more willing to make purchases after the prices fell, SMM learned. Limited arrivals also contributed to the decline in inventory.

As of Thursday June 28, inventories of primary aluminium, including SHFE warrants, across eight major consumption areas in China shrank 40,000 mt from last Thursday to stand at 1.84 million mt, SMM data showed.

Details are as follows:

Wuxi, Jiangsu – 777,000 mt

Shanghai – 429,000 mt

Nanhai, Guangdong – 242,000 mt

Gongyi, Henan – 170,000 mt

Hangzhou, Zhejiang – 114,000 mt

Tianjin – 58,000 mt

Linyi, Shandong – 29,000 mt

Chongqing – 25,000 mt