Aluminium inventory shrinks as futures dip

SHANGHAI, Apr 23 (SMM) – China's inventory of aluminium, including SHFE warrants, shrank to 2.21 million mt as of Thursday April 26 as downstream consumers stockpiled amid a declining market, according to SMM data.

This is down 21,000 mt from 2.231 million mt on Monday April 23 and down 38,000 mt from 2.248 million mt on Thursday April 19.

Details are as follows:

Wuxi, Jiangsu – 899,000 mt

Shanghai – 454,000 mt

Nanhai, Guangdong – 401,000 mt

Gongyi, Henan – 194,000 mt

Hangzhou, Zhejiang – 154,000 mt

Tianjin – 53,000 mt

Linyi, Shandong – 33,000 mt

Chongqing – 22,000 mt

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