Pre-holiday stockpiling accelerates decline in primary aluminium inventories

Published: Sep 26, 2019 13:29

Save

Stocks decreased by 27,000 mt from a week ago to stand at 939,000 mt as of Sep 26

SHANGHAI, Sep 26 (SMM) – Social inventories of primary aluminium in China fell by a larger margin this week, as downstream consumers stepped up purchases ahead of the week-long National Day holiday.

SMM data showed that stocks across eight consumption areas in China, including SHFE warrants, decreased by 27,000 mt from a week ago to stand at 939,000 mt as of Thursday September 26.

The stocks have fallen for five weeks in a row, and shrank 6,000 mt in the prior week.

Wuxi, Jiangsu – 283,000 mt

Shanghai – 179,000 mt

Nanhai, Guangdong – 262,000 mt

Gongyi, Henan – 81,000 mt

Hangzhou, Zhejiang – 49,000 mt

Tianjin – 54,000 mt

Linyi, Shandong – 8,000 mt

Chongqing –23,000 mt

Inventory data Aluminium

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

5 hours ago

China's Q1 Industrial Profits Rise 15.5% YoY, Led by Electronics Sector Growth

Data released by the NBS showed that in Q1 this year, profits of China's above-designated-size industrial enterprises grew 15.5% YoY, with the YoY growth rate up 0.3 percentage points from January-February. By industry, profits of the computer, communications, and other electronic equipment manufacturing industry surged 1.2 times YoY, while profits of the automobile manufacturing industry declined 17.7% YoY.

5 hours ago

8 hours ago

SHFE Cast Aluminum Alloy Warrants Up 904 MT to 32,203 MT on April 27

[SMM Update] SHFE data showed that on April 27, the total registered cast aluminum alloy warrants were 32,203 mt, an increase of 904 mt from the previous trading day. By region: Shanghai (1,822 mt, unchanged), Guangdong (10,908 mt, down 61 mt), Jiangsu (4,377 mt, up 390 mt), Zhejiang (9,477 mt, up 575 mt), Chongqing (4,143 mt, unchanged), and Sichuan (1,506 mt, unchanged).

8 hours ago

9 hours ago

[SMM Aluminum Flash News] Alcoa Evaluates Warrick Restart with USD 100 Million Investment

Alcoa is evaluating the restart of a fourth aluminum production line at its Warrick facility in Indiana, which would require about USD 100 million and take one to two years. The plant currently operates three lines, and restarting the fourth could add around 50,000 tones of capacity. The company said the line is in poor condition and would require replacement of key electrical equipment with long lead times. Electricity availability in both the short and long term will be a key factor in the decision. The project remains under evaluation, with progress depending on cost, energy and operational feasibility.

9 hours ago