CNY break grows primary aluminium inventories

SHANGHAI, Jan 31 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.378 million mt as of Thursday January 31, up 75,000 mt from Thursday January 24, SMM data showed.

Most downstream consumers began their CNY break, which lowered consumption and grew inventories.

Details:

Wuxi, Jiangsu – 513,000 mt

Shanghai – 299,000 mt

Nanhai, Guangdong – 211,000 mt

Gongyi, Henan – 127,000 mt

Hangzhou, Zhejiang – 131,000 mt

Tianjin – 48,000 mt

Linyi, Shandong – 26,000 mt

Chongqing – 23,000 mt