SHANGHAI, Aug 12 (SMM) - SMM data showed that China's social inventories of aluminium across eight consumption areas increased 7,000 mt on the week and rose 15,000 mt from Monday to 739,000 mt as of August 12.
The inventories in Wuxi and Hainan rose slightly. The shortage of arrivals eased in Wuxi, and the outbound volume declined on the week, as downstream purchase was maintained on rigid demand amid high aluminium prices. At the same time, Hainan received a large amount of aluminium ingot from north-west regions.
