Aluminium inventory dips on limited deliveries to warehouses

SHANGHAI, May 31 (SMM) – China's inventory of primary aluminium, including SHFE warrants, shrank to 2.03 million mt as of Thursday May 31 as deliveries to warehouses at major markets continued to be limited, according to SMM data. 

Inventories dropped 45,000 mt from Thursday May 24 and fell 20,000 mt from Monday May 28. The week-on-week decline was slower than the decline of 60,000 mt last Thursday, and marked a fifth consecutive week of decline. 

Details are as follows:

Wuxi, Jiangsu – 825,000 mt

Shanghai – 443,000 mt

Nanhai, Guangdong – 311,000 mt

Gongyi, Henan – 207,000 mt

Hangzhou, Zhejiang – 128,000 mt

Tianjin – 62,000 mt

Linyi, Shandong – 29,000 mt

Chongqing – 27,000 mt

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