Primary aluminium inventories extend gains as high prices sideline buyers

SHANGHAI, Mar 18 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.755 million mt as of Monday March 18, up 1,000 mt from Thursday March 14, SMM data showed.

A buildup of stocks in Guangdong, in the amount of 13,000 mt, contributed to the gains in overall stocks over the weekend.

Details:

Wuxi, Jiangsu – 623,000 mt

Shanghai – 312,000 mt

Nanhai, Guangdong – 415,000 mt

Gongyi, Henan – 147,000 mt

Hangzhou, Zhejiang – 137,000 mt

Tianjin – 56,000 mt

Linyi, Shandong – 31,000 mt

Chongqing –34,000 mt