Downstream purchases, limited arrivals further lower aluminium inventories

SHANGHAI, Sep 25 (SMM) – Primary aluminium inventories across major consumption areas in China extended their losses as downstream buyers stockpiled and limited cargoes arrived, SMM research found.

Stocks across eight consumption areas, including SHFE warrants, decreased by some 17,000 mt from Thursday September 20 to stand at 1.606 million mt as of Tuesday September 25, SMM data showed.

Details:

Wuxi, Jiangsu – 693,000 mt

Shanghai – 366,000 mt

Nanhai, Guangdong – 205,000 mt

Gongyi, Henan – 139,000 mt

Hangzhou, Zhejiang – 94,000 mt

Tianjin – 58,000 mt

Linyi, Shandong – 24,000 mt

Chongqing – 27,000 mt