Stockpiling, shipping capacity lower social inventories of primary aluminium

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