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Home / Metal News / Primary aluminium inventories increased 2,000 mt over weekend

Primary aluminium inventories increased 2,000 mt over weekend

Dec 30, 2019 13:22

Source:SMM

Stocks increased by 2,000 mt from last Thursday December 26 to 594,000 mt as of Monday December 30

SHANGHAI, Dec 30 (SMM) – Social inventories of primary aluminium in China increased over the weekend, SMM data showed, growing the expectations that the stocks will reverse its months-long downturn to trend higher.

Stocks across eight consumption areas in China, including SHFE warrants, increased by 2,000 mt from last Thursday December 26 to 594,000 mt as of Monday December 30.

Wuxi, Jiangsu – 187,000 mt

Shanghai – 110,000 mt

Nanhai, Guangdong – 127,000 mt

Gongyi, Henan – 40,000 mt

Hangzhou, Zhejiang – 52,000 mt

Tianjin – 57,000 mt

Linyi, Shandong – 6,000 mt

Chongqing –15,000 mt

Inventory data

Aluminium

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Mar 14, 2022 15:18

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The Fall of Aluminium Prices Stimulated Restocking. Exports are Expected to Rise.[SMM Aluminium Downstream Weekly Research]

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SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei decreased 12,100 mt in the week ended June 25 to 116,500 mt. The stocks fell 6,400 mt from Monday June 21.

Jun 25, 2021 14:44

Analysis

Zinc social inventories shrank 12,100 mt on week

SMM Evening Comments (Jun 23): Shanghai nonferrous metals closed mostly higher ahead of PMI data

SHFE nonferrous metals broadly rose for the most part on Wednesday June 23 with investors awaiting key Purchasing Managers' Indexes from the euro zone.

Jun 23, 2021 18:00

SMM Comments

SMM Evening Comments (Jun 23): Shanghai nonferrous metals closed mostly higher ahead of PMI data

SMM Evening Comments (Jun 22): Shanghai nonferrous metals rose across the board, nickel advanced 3.58%

SHFE nonferrous metals broadly closed higher across the board on Tuesday June 22, triggered by the Fed's updated inflation projections and a shortening of its interest rate hike schedule.

Jun 22, 2021 18:00

SMM Comments

SMM Evening Comments (Jun 22): Shanghai nonferrous metals rose across the board, nickel advanced 3.58%

SMM Evening Comments (Jun 21): Shanghai nonferrous metals declined for the most part, lead climbed 1.95%

SHFE nonferrous metals broadly fell on Monday June 21, following jitters in global markets over the more hawkish tone from the US Federal Reserve last week.

Jun 21, 2021 18:00

SMM Comments

SMM Evening Comments (Jun 21): Shanghai nonferrous metals declined for the most part, lead climbed 1.95%

SMM Morning Comments (Jun 21): Base metals closed mixed amid rising inflation and US dollar

LME base metals closed mixed in the overnight trading last Friday, as the expanding inflation and rising US dollar weighed on the market, but short supply still supported the prices. SHFE metals basically went down.

Jun 21, 2021 10:00

SMM Comments

SMM Morning Comments (Jun 21): Base metals closed mixed amid rising inflation and US dollar

SMM Morning Comments (Jun 18): Base metals all dropped after Fed implied to increase interest rates earlier

LME and SHFE non ferrous metals all declined in yesterday’s overnight trading as Fed officials implied to raise interest rates in advance and increased the excess reserve ratio.

Jun 18, 2021 09:44

SMM Comments

SMM Morning Comments (Jun 18): Base metals all dropped after Fed implied to increase interest rates earlier

SMM Morning Comments (Jun 16): LME metals all fell amid higher US dollar index

LME base metals all fell in the overnight trading yesterday, as US dollar index went up slightly, and the plummeting US May retail sales brought negative sentiments to the market. Meanwhile, SHFE metals closed mixed amid the policy control.

Jun 16, 2021 09:40

SMM Comments

SMM Morning Comments (Jun 16): LME metals all fell amid higher US dollar index

Zinc social inventories inch up over weekend

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Zinc social inventories inch up over weekend

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Primary aluminium inventories increased 2,000 mt over weekend

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