Weaker consumption slows declines in primary aluminium inventories

Published: Jun 13, 2019 13:32

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Stocks declined 30,000 mt from a week ago to 1.118 million mt as of Jun 13

SHANGHAI, Jun 13 (SMM) – Primary aluminium stocks in China continued to fall this week, at a slower rate, as consumption weakened.

SMM data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined 30,000 mt from Thursday June 6 to stand at 1.118 million mt as of Thursday June 13. Inventories dropped 64,000 mt in the previous week.

Wuxi, Jiangsu – 392,000 mt

Shanghai – 217,000 mt

Nanhai, Guangdong – 251,000 mt

Gongyi, Henan – 99,000 mt

Hangzhou, Zhejiang – 75,000 mt

Tianjin – 53,000 mt

Linyi, Shandong – 8,000 mt

Chongqing –23,000 mt

Inventory data Aluminium

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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