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
CPIA Predicts Slowdown in China's PV Installations by 2026, MIIT Aims to Tackle Industry Competition
1 min ago
CPIA Predicts Slowdown in China's PV Installations by 2026, MIIT Aims to Tackle Industry Competition
Read More
CPIA Predicts Slowdown in China's PV Installations by 2026, MIIT Aims to Tackle Industry Competition
CPIA Predicts Slowdown in China's PV Installations by 2026, MIIT Aims to Tackle Industry Competition
The China Photovoltaic Industry Association (CPIA) predicts that China's new PV installations are expected to pull back in 2026, ranging between 180 GW and 240 GW. During the 15th Five-Year Plan period, the average annual new PV installations are projected to reach 238 GW to 287 GW. Wang Shijiang, Deputy Director of the Electronic Information Department at the Ministry of Industry and Information Technology (MIIT), emphasized that the core task this year is to address the cut-throat competition in the PV industry.
1 min ago
Fed's Jefferson Expresses Cautious Optimism on US Economy, Sees Inflation Returning to 2% Target
2 mins ago
Fed's Jefferson Expresses Cautious Optimism on US Economy, Sees Inflation Returning to 2% Target
Read More
Fed's Jefferson Expresses Cautious Optimism on US Economy, Sees Inflation Returning to 2% Target
Fed's Jefferson Expresses Cautious Optimism on US Economy, Sees Inflation Returning to 2% Target
US Fed Vice Chairman Jefferson expressed "cautious optimism" regarding the US economic outlook, suggesting that, driven by robust productivity growth, inflation is expected to pull back to the central bank's 2% target level. Additionally, Jefferson noted that the current policy stance is sufficient to effectively address economic developments.
2 mins ago
Auto Trade-In Subsidies Boost Sales, Reaching 53.77 Billion Yuan with Higher Average Car Prices
5 mins ago
Auto Trade-In Subsidies Boost Sales, Reaching 53.77 Billion Yuan with Higher Average Car Prices
Read More
Auto Trade-In Subsidies Boost Sales, Reaching 53.77 Billion Yuan with Higher Average Car Prices
Auto Trade-In Subsidies Boost Sales, Reaching 53.77 Billion Yuan with Higher Average Car Prices
According to big data from the commerce sector, as of February 5, a total of 335,000 subsidy applications had been received for the 2026 auto trade-in policy, effectively boosting new auto sales with a total value of 53.77 billion yuan. Further observation revealed that the average price of new cars involved in the trade-in activity in January exceeded the 160,000 yuan mark, showing a significant increase compared to the previous year.
5 mins ago