Primary aluminium inventories extended gains by 103,000 mt on week

SHANGHAI, Mar 5 (SMM) – Social inventories of primary aluminium in China continued to trend higher this week, albeit by a smaller margin as consumption picked up gradually.

SMM data showed that social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, increased 103,000 mt in the week ended March 5 to 1.488 million mt, compared to a build of 155,000 mt in the previous week.