Primary aluminium inventories in China shrink by 65,000 tonnes to 799,000 tonnes on December 30

According to the Shanghai Metals Market, social inventories of primary aluminium in China have continued to decrease week-on-week across eight major consumption areas, including SHFE warrants. Data shows the inventories have plunged by 65,000 tonnes this week to come in at 799,000 tonnes as of December 30.

SMM data has also shown that decline in inventories at Wuxi, Nanhai, and Gongyi have primarily contributed to the extended downfall of total primary aluminium inventories.

The chart below indicates the current status of primary aluminium inventories across China in more details:

Primary aluminium inventories in Wuxi have slipped by 40,000 tonnes week-on-week to stand at 286,000 tonnes on December 30, followed by the decline of 11,000 tonnes and 10,000 tonnes in Nanhai and Gongyi to come in at 186,000 tonnes and 80,000 tonnes, respectively.

In Tianjin, primary aluminium inventories have inched down by 2,000 tonnes over the week to settle at 67,000 tonnes, as of December 30, while the inventories in Shanghai and Hangzhou have dipped by 1,000 tonnes to 81,000 tonnes and 74,000 tonnes, respectively.

In Chongqing and Linyi, on the other hand, primary aluminium inventories have remained restrained at 2,000 tonnes and 23,000 tonnes.