Improved consumption further lowers aluminium inventories

SHANGHAI, Sep 20 (SMM) – Primary aluminium inventories across major consumption areas in China extended weekend losses this week as consumption improved, SMM research found.

Stocks across eight consumption areas, including SHFE warrants, decreased by some 53,000 mt from Thursday September 13 to stand at 1.623 million mt as of Thursday September 20, SMM data showed.

Details:

Wuxi, Jiangsu – 699,000 mt

Shanghai – 371,000 mt

Nanhai, Guangdong – 205,000 mt

Gongyi, Henan – 147,000 mt

Hangzhou, Zhejiang – 92,000 mt

Tianjin – 57,000 mt

Linyi, Shandong – 25,000 mt

Chongqing – 27,000 mt