Primary aluminium inventories increased 18,000 mt on week

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