Shanghai bonded base metal inventories mostly down in August, but aluminium up 119%

Favorable import terms sent the levels of base-metals stocks in Shanghai bonded warehouses in different directions over August 2023, with copper, zinc and nickel stocks declining by varying amounts, while aluminium stocks jumped by 118.8%.

Aluminium stocks up massively
Shanghai bonded inventories of aluminium showed a significant increase in August when the import arbitrage improved, Fastmarkets has heard.

Fastmarkets assessed Shanghai bonded aluminium stock volumes...


Sally Zhang

Ruby Liu

Yiwen Ju

Dylan Duan

Shiyue Zhao

September 05, 2023

14:08 GMT

Shanghai, Singapore