Limited arrivals, downstream stockpiling lower social inventories of primary aluminium

SHANGHAI, Jan 17 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.264 million mt as of Thursday January 17, down 18,000 mt from a week ago, SMM data showed.

Limited cargoes arrived at social warehouses this week, while downstream consumers stockpiled for Chinese New Year.

Details:

Wuxi, Jiangsu – 492,000 mt

Shanghai – 301,000 mt

Nanhai, Guangdong – 159,000 mt

Gongyi, Henan – 110,000 mt

Hangzhou, Zhejiang – 108,000 mt

Tianjin – 50,000 mt

Linyi, Shandong – 24,000 mt

Chongqing – 20,000 mt