Primary aluminium inventories extend gains as consumption yet to recover

SHANGHAI, Feb 14 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.617 million mt as of Thursday February 14, up 55,000 mt, or 3.5% from Monday February 11, SMM data showed.

As consumption has yet to pick up, social inventories of primary aluminium in China extended gains in the first week after the Lunar New Year break.

Details:

Wuxi, Jiangsu – 608,000 mt

Shanghai – 312,000 mt

Nanhai, Guangdong – 294,000 mt

Gongyi, Henan – 145,000 mt

Hangzhou, Zhejiang – 143,000 mt

Tianjin – 54,000 mt

Linyi, Shandong – 32,000 mt

Chongqing – 29,000 mt