SHFE STOCKS REPORT 30/9: Inventories of base metals broadly down; aluminium bucks trend

Deliverable stocks of base metals in Shanghai Futures Exchange-registered warehouse broadly declined in the week to Thursday September 30, with tin recording the biggest fall and aluminium being the lone riser.

Tin totalled 1,272 tonnes this week, down by 279 tonnes (18.0%) from 1,551 tonnes a week before.
The largest outflow was from Quansheng Logistics Caoan warehouse in Shanghai, where volumes were down by 135 tonnes - the total amount in stock last week, according to the exchange's weekly stocks report.

Sources said the noticeable destocking...

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