Downstream purchases lower aluminium inventories

SHANGHAI, Sep 6 (SMM) – Primary aluminium inventories across major consumption areas in China shrank on the week as downstream consumers restocked when prices dipped over the week.

As of Thursday September 6, stocks across eight consumption areas, including SHFE warrants, fell by some 33,000 mt from last Thursday to stand at 1.714 million mt, SMM data showed.

Details:

Wuxi, Jiangsu – 718,000 mt

Shanghai – 381,000 mt

Nanhai, Guangdong – 232,000 mt

Gongyi, Henan – 163,000 mt

Hangzhou, Zhejiang – 105,000 mt

Tianjin – 61,000 mt

Linyi, Shandong – 27,000 mt

Chongqing – 27,000 mt