Social inventories of primary aluminium dip further on weekend

SHANGHAI, Dec 17 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued its decline and stood at 1.28 million mt as of Monday December 17. This shrank some 18,000 mt from Thursday December 13, SMM data showed.

Last Thursday, supply cut at smelters lowered stocks by 57,000 mt on the week. 

Details:

Wuxi, Jiangsu – 529,000 mt

Shanghai – 319,000 mt

Nanhai, Guangdong – 156,000 mt

Gongyi, Henan – 71,000 mt

Hangzhou, Zhejiang – 102,000 mt

Tianjin – 55,000 mt

Linyi, Shandong – 26,000 mt

Chongqing – 19,000 mt