Recovering consumption caps gains in social inventories of primary aluminium

Published: Mar 7, 2019 11:41

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Stocks rose some 5,000 mt from a week ago to stand at 1.749 million mt as of Thursday Mar 7

SHANGHAI, Mar 7 (SMM) – Growth of social inventories of primary aluminium ingots slowed further this week as consumption recovered.

SMM data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, rose some 5,000 mt from Thursday February 28 to stand at 1.749 million mt as of Thursday March 7.

Stocks expanded about 72,000 mt in the week ended February 28. They declined about 6,000 mt between Monday March 4 and Friday March 7.

Details:

Wuxi, Jiangsu – 639,000 mt

Shanghai – 313,000 mt

Nanhai, Guangdong – 374,000 mt

Gongyi, Henan – 156,000 mt

Hangzhou, Zhejiang – 147,000 mt

Tianjin – 57,000 mt

Linyi, Shandong – 31,000 mt

Chongqing –32,000 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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