Primary aluminium inventories extended decline by 35,000 mt on week

SHANGHAI, Nov 21 (SMM) – Social inventories of primary aluminium in China extended their decline by a much larger margin this week, as stocks in Nanhai and Gongyi fell sharply.

SMM data showed that stocks across eight consumption areas in China, including SHFE warrants, decreased by 35,000 mt from a week ago to 799,000 mt as of Thursday November 21, after a decline of 19,000 mt in the previous week.

Wuxi, Jiangsu – 240,000 mt

Shanghai – 138,000 mt

Nanhai, Guangdong – 243,000 mt

Gongyi, Henan – 42,000 mt

Hangzhou, Zhejiang – 54,000 mt

Tianjin – 55,000 mt        

Linyi, Shandong – 5,000 mt

Chongqing –22,000 mt