
Shanghai Metals Market data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, remained barley changed from a week ago and stood at 1.042 million tonnes as of Thursday July 18.
The chart below indicates the current status of primary aluminium inventories across all major China markets:
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Stocks of primary aluminium in Wuxi, Jiangsu and Shanghai came in at 320,000 tonnes and 201,000 tonnes on Thursday, 18 July 2019, down 11,000 tonnes and 2,000 tonnes from Thursday July 11. Primary aluminium stocks in Nanhai, Guangdong increased 15,000 tonnes to stand at 258,000 tonnes today.
Primary aluminium stocks in Gongyi, Henan dropped from 112,000 tonnes to 105,000 tonnes on Thursday, 18 July 2019.
A00 aluminium ingot price recorded no movement from RMB 13850 per tonne. The price is expected to range within RMB 13830-13870 per tonne.
Aluminium ingot price in Foshan came in at RMB 13830 per tonne, down RMB 10 per tonne. Ingot prices in Hangzhou and Gongyi increased RMB 5 per tonne each to stand at RMB 13860 per tonne and RMB 13725 per tonne. Shenyang ingot price dropped to RMB 13825 per tonne, down RMB 5 per tonne.
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