SHANGHAI, Aug 1 (SMM) - The aluminium ingot social inventories across China’s eight major markets totalled 678,000 mt as of August 1, up 7,000 mt from last Thursday, but 81,000 mt lower than in the same period last year. The inventory of aluminium ingots and billets in Foshan has been rising for two consecutive weeks due to poor trades and smooth arrivals. Wuxi and Gongyi saw limited arrivals, allowing the inventory in Gongyi to decline. Given the poor willingness to purchase, the aluminium ingot social inventories may grow further after shipments that are now on the way gradually arrive in the future.
