Primary aluminium inventories extend gains as arrivals remain high

Published: Feb 28, 2019 11:36

Save

Stocks across eight consumption areas in China came in at 1.744 million mt as of Feb 28, up 72,000 mt from a week ago

SHANGHAI, Feb 28 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.744 million mt as of Thursday February 28, up 72,000 mt from Thursday February 21, SMM data showed.

Details:

Wuxi, Jiangsu – 644,000 mt

Shanghai – 310,000 mt

Nanhai, Guangdong – 352,000 mt

Gongyi, Henan – 167,000 mt

Hangzhou, Zhejiang – 150,000 mt

Tianjin – 56,000 mt

Linyi, Shandong – 30,000 mt

Chongqing –35,000 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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

28 mins ago

Indonesian Bauxite Mines to Observe Public Holidays in March 2026, Affecting Operations

[SMM Aluminum Express News] Indonesian bauxite mines generally observe the national public holidays (libur nasional) and collective leave days (cuti bersama) in March 2026, as confirmed by industry players, though exact implementation varies by company policy (e.g., essential operations like maintenance or shifts may continue with adjustments). This creates a potential 7-day extended break (18–24 March), aligning with government SKB (joint ministerial decree) on holidays and cuti bersama for 2026.

28 mins ago

1 hour ago

Indian Aluminum Industry Urges Exemption from RoDTEP Cuts Amid Global Trade Challenges

[SMM Aluminum Express News] The Aluminium Association of India (AAI), representing major domestic producers, has urged the government to exempt aluminum products from the recent 50% cut in RoDTEP (Remission of Duties and Taxes on Exported Products) rates. Previously, aluminum exports qualified for ~3% RoDTEP benefits for Domestic Tariff Area (DTA) units and ~2.2% for SEZ units. AAI warned that the cut could strain exports amid rising global trade barriers (e.g., tariffs, CBAM), shrinking opportunities, and competition. It also called for 2026-27 RoDTEP rates to be set based on actual unrebated taxes borne by exporters, ensuring fair compensation for both DTA and SEZ units. This aims to maintain competitiveness for Indian aluminum in international markets.

1 hour ago

PM Modi Dedicates India's First Automated Dry-Bulk Cargo Terminal to Nation

[SMM Aluminum Express News] Prime Minister Narendra Modi dedicated India's first fully automated dry-bulk cargo terminal, the Haldia Bulk Terminal (HBT), to the nation on Saturday (March 2026). Developed by Adani Ports and Special Economic Zone Limited (APSEZ) at the Haldia Dock Complex (Syama Prasad Mookerjee Port, Kolkata), the facility has an annual handling capacity of 4 MMTPA. Key features: 1. Full mechanisation and automated cargo handling 2. Direct rail connectivity via a 1.54 km dedicated rail line 3. 2,000-tonne Railway Wagon Loading System (RWLS) for seamless ship-to-train transfer The eastern seaboard handles ~60% of India's dry-bulk imports (coal, bauxite, limestone), vital for steel, aluminium, and power sectors.

1 hour ago