Primary aluminium inventories rose 69,000 mt over weekend

Published: Feb 17, 2020 13:21
Social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, stood at 1.16 million mt as of Monday February 17

SHANGHAI, Feb 17 (SMM) – Social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, increased 69,000 mt from Thursday February 13 to 1.16 million mt as of Monday February 17, showed SMM data.

 

Details:

Wuxi, Jiangsu – 415,000 mt

Shanghai – 108,000 mt

Nanhai, Guangdong – 244,000 mt

Gongyi, Henan – 193,000 mt

Hangzhou, Zhejiang – 123,000 mt

Tianjin – 58,000 mt

Linyi, Shandong – 10,000 mt

Chongqing –11,000 mt

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
 China's Alumina Output Edges Down 0.19% YoY in May  Supply Surplus to Intensify in June
24 mins ago
China's Alumina Output Edges Down 0.19% YoY in May Supply Surplus to Intensify in June
Read More
 China's Alumina Output Edges Down 0.19% YoY in May  Supply Surplus to Intensify in June
China's Alumina Output Edges Down 0.19% YoY in May Supply Surplus to Intensify in June
24 mins ago
BoE Governor Signals Dovish Stance, Tolerating Inflation Above 2% Amid Economic Weakness
18 hours ago
BoE Governor Signals Dovish Stance, Tolerating Inflation Above 2% Amid Economic Weakness
Read More
BoE Governor Signals Dovish Stance, Tolerating Inflation Above 2% Amid Economic Weakness
BoE Governor Signals Dovish Stance, Tolerating Inflation Above 2% Amid Economic Weakness
Bank of England Governor Bailey sent a clearly dovish signal. He noted that given the current economic weakness, the central bank could tolerate inflation exceeding the 2% target for a period of time. This remark significantly lowered market expectations for a rate hike in June. However, Bailey also warned that once signs of second-round effects emerged, the central bank's tolerance for inflation would diminish accordingly.
18 hours ago
Eurozone Inflation Surges, ECB Signals Likely Rate Hikes in June and Beyond
18 hours ago
Eurozone Inflation Surges, ECB Signals Likely Rate Hikes in June and Beyond
Read More
Eurozone Inflation Surges, ECB Signals Likely Rate Hikes in June and Beyond
Eurozone Inflation Surges, ECB Signals Likely Rate Hikes in June and Beyond
The eurozone was facing a broad-based intensification of inflationary pressures. Specifically, the Consumer Price Index (CPI) in France and Spain rose 2.8% and 3.6% YoY in May, respectively, both hitting their highest levels since 2024. Meanwhile, Italy's inflation rate climbed to 3.3%, reaching its peak since 2023, while Germany's core inflation also accelerated to 2.5%. Against this backdrop, ECB Governing Council member Simkus noted that a rate hike in June was almost a foregone conclusion, and that further rate hikes would "very likely" be needed thereafter.
18 hours ago
Primary aluminium inventories rose 69,000 mt over weekend - Shanghai Metals Market (SMM)