Primary aluminium inventories extend gains on week

SHANGHAI, Mar 14 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.75 million mt as of Thursday March 14, up 5,000 mt from Thursday March 7, SMM data showed.

A buildup of stocks across social warehouses in Guangdong province accounted for most of the gains. Last week, social inventories in the same areas also grew 5,000 mt as of Thursday March 7.

Details: 

Wuxi, Jiangsu – 628,000 mt

Shanghai – 313,000 mt

Nanhai, Guangdong – 402,000 mt

Gongyi, Henan – 146,000 mt

Hangzhou, Zhejiang – 141,000 mt

Tianjin – 58,000 mt

Linyi, Shandong – 31,000 mt

Chongqing –35,000 mt