Primary aluminium inventories jumped 60,000 mt on week

Published: Jan 23, 2020 10:36

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Stocks increased 60,000 mt in the week ended January 23 to 690,000 mt

SHANGHAI, Jan 23 (SMM) – Aluminium inventories in China jumped in the last week ahead of the Chinese New Year holiday, lifted by greater arrivals and muted consumption.

SMM data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased 60,000 mt in the week ended January 23 to 690,000 mt, triple the 20,000 mt increase seen last week.

Details:

Wuxi, Jiangsu – 236,000 mt

Shanghai – 103,000 mt

Nanhai, Guangdong – 152,000 mt

Gongyi, Henan – 49,000 mt

Hangzhou, Zhejiang – 75,000 mt

Tianjin – 58,000 mt

Linyi, Shandong – 6,000 mt

Chongqing –11,000 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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