Aluminium inventory edges up on rising prices

Published: Apr 19, 2018 13:33

Save

China's inventory of aluminium including SHFE warrants amounted to 2.248 million mt as of Thursday April 19, according to SMM data.

SHANGHAI, Apr 19 (SMM) – China's inventory of aluminium including SHFE warrants rose to 2.248 million mt as of Thursday April 19 as higher prices hampered buyers' activity, according to SMM data. This is up 32,000 mt from 2.216 million mt recorded on Monday April 16.

Details are as follows:

Wuxi, Jiangsu – 921,000 mt

Shanghai – 458,000 mt

Nanhai, Guangdong – 418,000 mt

Gongyi, Henan – 181,000 mt

Hangzhou, Zhejiang – 154,000 mt

Tianjin – 55,000 mt

Linyi, Shandong – 35,000 mt

Chongqing – 26,000 mt

For editorial queries, please contact Daisy Tseng at daisy@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn

aluminium inventory

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 for 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

24 mins ago

Cost support combined with demand constraints keeps ADC12 prices moving sideways at high levels [Aluminum Scrap and Secondary Aluminum Weekly Review]

[Weekly Review on Aluminum Scrap and Secondary Aluminum: ADC12 Price Moves Sideways at High Levels as Cost Support Overlaps with Demand Constraints] This week, China’s aluminum scrap market prices were relatively stable, and the price difference between A00 aluminum and aluminum scrap widened again against the backdrop of aluminum scrap struggling to catch up. On the price side, driven by macro and capital sentiment, primary aluminum prices continued to rise. As of August 6, SMM A00 aluminum price closed at 23,800 yuan/mt, significantly up by 170 yuan/mt compared to last Thursday, while aluminum scrap raw material prices showed limited fluctuations overall.

24 mins ago

37 mins ago

Weekly aluminum ingot destocking magnitude contracts, under the tug-of-war between longs and shorts in macro fundamentals, the aluminum price is expected to consolidate on a strong note in the short term [SMM Aluminum Weekly Review]

[SMM Aluminum Weekly Review: Weekly Aluminum Ingot Destocking Pace Shrinks; Amid Macro and Fundamental Tug-of-War Between Longs and Shorts, Aluminum Prices Expected to Consolidate on a Strong Note in the Short Term]

37 mins ago

1 hour ago

Eqonic Group Unveils Aluminum-Based Battery for Sustainable Energy Storage Solutions

[SMM Aluminum Express News] Eqonic Group has confirmed that aluminum is the core material behind its next-generation battery technology, positioning the metal as an alternative to lithium, sodium and rare earth-based chemistries. The UK company said its proprietary aluminum-based battery has successfully demonstrated laboratory-scale performance and is designed to offer improved safety, lower costs, greater recyclability and reduced reliance on critical minerals. Eqonic said the technology is initially targeting long-duration stationary energy storage, industrial applications and critical infrastructure rather than electric vehicles. The company is continuing research and commercialisation efforts, with support from the UK Government's Battery Innovation Programme to advance manufacturing and scale-up of its aluminum-based battery platform.

1 hour ago