Primary aluminium inventories increased 18,000 mt on week

Published: Jan 2, 2020 11:48

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Stocks increased by 18,000 mt in the week ended January 2 to 610,000 mt

SHANGHAI, Jan 2 (SMM) – Social inventories of primary aluminium in China increased this week, SMM data showed, indicating a potential end to the inventory downtrend that began in late March 2019.

Stocks across eight consumption areas in China, including SHFE warrants, increased by 18,000 mt in the week ended January 2 to 610,000 mt, after a decline of 12,000 mt in the previous week.

Henan’s Gongyi primarily contributed to the gains in inventories, where saw stocks rising 19,000 mt this week.

Wuxi, Jiangsu – 184,000 mt

Shanghai – 114,000 mt

Nanhai, Guangdong – 128,000 mt

Gongyi, Henan – 55,000 mt

Hangzhou, Zhejiang – 53,000 mt

Tianjin – 57,000 mt

Linyi, Shandong – 6,000 mt

Chongqing –13,000 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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