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China's SHFE weekly aluminum stocks fall further, slipping below 400,000 mt

Highlights

Chinese aluminum stocks at Shanghai Futures Exchange warehouses fell forthe second consecutive week, slipping below 400,000 mt.

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Aluminum inventories slipped to 398,854 mt Friday, down 1.8% week onweek, the latest weekly data from the Chinese bourse showed.

The SHFE warehouses are located in Shanghai, Guangdong, Jiangsu andZhejiang.

Stocks at Shanghai warehouses fell to 169,745 mt Friday, down 3.1% fromlast Friday; Zhejiang stocks dropped 3.7% to 36,301 mt; and Jiangsuinventories slipped to 83,718 mt, down 0.5%.

Inventories at Guangdong remained steady at 109,090 mt.

--Alvin Yee, alvin.yee@platts.com

--Edited by Jonathan Fox, jonathan.fox@platts.com

Similar stories appear in Metals Dailyhttp://www.platts.com/Products/metalsdaily