Improved arrivals slow declines in inventories of primary aluminium

SHANGHAI, Dec 20 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.28 million mt as of Thursday December 20, down 15,000 mt from Thursday December 13, SMM data showed.

As social warehouses saw more arrivals this week, the week-over-week decline in stocks was smaller than a 57,000-mt drop in the previous week.

Details:

Wuxi, Jiangsu – 530,000 mt

Shanghai – 318,000 mt

Nanhai, Guangdong – 153,000 mt

Gongyi, Henan – 73,000 mt

Hangzhou, Zhejiang – 103,000 mt

Tianjin – 57,000 mt

Linyi, Shandong – 26,000 mt

Chongqing – 20,000 mt