Primary aluminium inventories extend gains as demand yet to recover fully

Published: Feb 21, 2019 11:26

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In the five weeks to Thursday Feb 21, social stocks of primary aluminium accumulated by a total of 408,000 mt

SHANGHAI, Feb 21 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.67 million mt as of Thursday February 21, the second week after CNY breaks, up 55,000 mt from Thursday February 14, SMM data showed.

Consumption has not resumed completely as of February 21, and this accounted for the expanded inventories.

In five weeks to Thursday February 21, social stocks of primary aluminium accumulated 408,000 mt.

Details:

Wuxi, Jiangsu – 630,000 mt

Shanghai – 314,000 mt

Nanhai, Guangdong – 318,000 mt

Gongyi, Henan – 138,000 mt

Hangzhou, Zhejiang – 151,000 mt

Tianjin – 55,000 mt

Linyi, Shandong – 30,000 mt

Chongqing – 36,000 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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