Primary aluminium inventories extended decline by 17,000 mt on week

SHANGHAI, Nov 7 (SMM) – Social inventories of primary aluminium in China extended their decline this week, pulled by a sharp decline in Nanhai with limited arrivals.

SMM data showed that stocks across eight consumption areas in China, including SHFE warrants, decreased by 17,000 mt from a week ago to 853,000 mt as of Thursday November 7.

Wuxi, Jiangsu – 231,000 mt

Shanghai – 145,000 mt

Nanhai, Guangdong – 279,000 mt

Gongyi, Henan – 58,000 mt

Hangzhou, Zhejiang – 55,000 mt

Tianjin – 53,000 mt          

Linyi, Shandong – 6,000 mt

Chongqing –26,000 mt