Primary aluminium inventories extended gains by 9,000 mt on week

Published: Apr 2, 2020 14:24
Social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, increased 9,000 mt in the week ended April 2 to 1.676 million mt.

SHANGHAI, Apr 2 (SMM) – Social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, increased 9,000 mt in the week ended April 2 to 1.676 million mt, much smaller than a 20,000 mt increase in the previous week, according to SMM data.

 

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
India's Aluminum Industry Struggles with Supply Chain Disruptions and Rising Costs Amid West Asia Conflict
56 mins ago
India's Aluminum Industry Struggles with Supply Chain Disruptions and Rising Costs Amid West Asia Conflict
Read More
India's Aluminum Industry Struggles with Supply Chain Disruptions and Rising Costs Amid West Asia Conflict
India's Aluminum Industry Struggles with Supply Chain Disruptions and Rising Costs Amid West Asia Conflict
[SMM Aluminum Express News] India’s midstream and downstream aluminum industry is facing a severe crisis due to the ongoing West Asia conflict and disruptions in the Strait of Hormuz, according to the Aluminum Extrusion Manufacturers Association of India (ALEMAI). The conflict has broken supply chains for raw materials and aluminum scrap, causing production in the extrusion segment to drop sharply by 40–50%. Against an installed capacity of 4.2 million tons, extrusion units are currently operating at only 1.2–1.3 million ton, while rolled products stand at around 1.5 million tons. Rising input costs, especially for aluminum scrap, combined with higher logistics expenses and cheap imports, have significantly eroded the competitiveness of domestic producers.
56 mins ago
Ceasefire Unlikely to Resolve Supply Shortcomings, Aluminum Prices Remain Supported at High Levels [SMM Aluminum Morning Meeting Minutes]
6 hours ago
Ceasefire Unlikely to Resolve Supply Shortcomings, Aluminum Prices Remain Supported at High Levels [SMM Aluminum Morning Meeting Minutes]
Read More
Ceasefire Unlikely to Resolve Supply Shortcomings, Aluminum Prices Remain Supported at High Levels [SMM Aluminum Morning Meeting Minutes]
Ceasefire Unlikely to Resolve Supply Shortcomings, Aluminum Prices Remain Supported at High Levels [SMM Aluminum Morning Meeting Minutes]
[Ceasefire Unlikely to Resolve Supply Weakness; Aluminum Prices Retain Strong Support at High Levels] Overall, the two-week ceasefire news was unable to reverse the firm pattern underpinned by substantive supply damage and low inventory. Expectations of tangible supply contraction triggered by attacks on Middle Eastern aluminum smelters, combined with low global inventory and the recovery of peak-season demand in China, will provide strong upward momentum for aluminum prices. In the near term, aluminum prices are expected to hold up well.
6 hours ago
Weak Demand, ADC12 Spot Cargo Continued to Decline [SMM Cast Aluminum Alloy Morning Comment]
6 hours ago
Weak Demand, ADC12 Spot Cargo Continued to Decline [SMM Cast Aluminum Alloy Morning Comment]
Read More
Weak Demand, ADC12 Spot Cargo Continued to Decline [SMM Cast Aluminum Alloy Morning Comment]
Weak Demand, ADC12 Spot Cargo Continued to Decline [SMM Cast Aluminum Alloy Morning Comment]
[SMM Cast Aluminum Alloy Morning Comment: Weak Demand, ADC12 Spot Continued to Weaken] Spot side, the ADC12 market continued in the doldrums yesterday. Affected by aluminum prices being in the doldrums and poor demand-side performance, market sentiment turned cautious. Most market participants slightly lowered their quotes, while a few enterprises held prices steady and took a wait-and-see approach. Currently, low-priced resources increased, the transaction center shifted downward, and prices showed a passive pullback pattern. In the short term, against the backdrop of marginally weakening cost support and limited demand improvement, ADC12 prices are expected to remain in the doldrums.
6 hours ago