SHANGHAI, Feb 27 (SMM) – Social inventories of primary aluminium in China continued to trend higher this week, as demand recovered slowly amid the ongoing coronavirus outbreak.
SMM data showed that social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, increased 155,000 mt in the week ended February 27 to 1.385 million mt, compared to a build of 137,000 mt in the previous week.
Details:
Wuxi, Jiangsu – 527,000 mt
Shanghai – 121,000 mt
Nanhai, Guangdong – 326,000 mt
Gongyi, Henan – 210,000 mt
Hangzhou, Zhejiang – 120,000 mt
Tianjin – 57,000 mt
Linyi, Shandong – 13,000 mt
Chongqing –11,000 mt
