Primary aluminium inventories fell for the 1st time since Lunar New Year holiday

SHANGHAI, Apr 9 (SMM) – Social inventories of primary aluminium ingots fell this week, as low aluminium prices promoted smelters to hold back on sales and reduce deliveries to social warehouses and as demand improved.

SMM data showed that social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, decreased 69,000 mt in the week ended April 9 to 1.607 million mt, marking the first week-on-week decline since the Lunar New Year holiday.