Stockpiling, shipping capacity lower social inventories of primary aluminium

Published: Jan 10, 2019 13:31

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Stocks came in at 1.282 million mt as of Thursday Jan 10, down 20,000 mt from Wednesday Jan 2

SHANGHAI, Jan 10 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.282 million mt as of Thursday January 10, down 20,000 mt from Wednesday January 2, SMM data showed.

As the Chinese New Year holiday approached, shipping capacity shrank and downstream consumers stockpiled raw materials, which lowered shipment arrivals and raised deliveries leaving social warehouses.

Details:

Wuxi, Jiangsu – 508,000 mt

Shanghai – 305,000 mt

Nanhai, Guangdong – 153,000 mt

Gongyi, Henan – 113,000 mt

Hangzhou, Zhejiang – 105,000 mt

Tianjin – 53,000 mt

Linyi, Shandong – 25,000 mt

Chongqing – 20,000 mt

Inventory data Aluminium

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.

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