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Home / Metal News / Primary aluminium inventories jumped as demand remained subdued

Primary aluminium inventories jumped as demand remained subdued

Feb 13, 2020 11:57

Source:SMM

Stocks increased 148,000 mt in the week ended February 13 to 1.09 million mt

SHANGHAI, Feb 13 (SMM) – Social inventories of primary aluminium in China jumped in the second week after the Chinese New Year holiday, as shipments by rail arrived while demand remained subdued amid the ongoing coronavirus outbreak.

SMM data showed that social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, increased 148,000 mt in the week ended February 13 to 1.09 million mt, compared to a build of 61,000 mt during February 3-6.

Details:

Wuxi, Jiangsu – 385,000 mt

Shanghai – 108,000 mt

Nanhai, Guangdong – 234,000 mt

Gongyi, Henan – 164,000 mt

Hangzhou, Zhejiang – 121,000 mt

Tianjin – 59,000 mt

Linyi, Shandong – 11,000 mt

Chongqing –11,000 mt

Inventory data

Aluminium

Coronavirus impact

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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Jul 23, 2021 20:00

Analysis

China weekly inventory summary and data wrap (Jul 23)

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Jul 23, 2021 10:00

SMM Comments

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SMM data showed that aluminium billet stocks across the five major consumption areas — Foshan, Wuxi, Huzhou, Changzhou and Nanchang — in China decreased 0.9% or 1,200 mt from a week ago to 119,600 mt as of Thursday July 22.

Jul 22, 2021 16:41

Analysis

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SMM Comments

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Industry

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Primary aluminium inventories jumped as demand remained subdued

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NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit