Primary aluminium inventories dropped as demand picked up

Published: Apr 16, 2020 15:45

Save

SMM data showed that social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, decreased 112,000 mt in the week ended April 16 to 1.495 million mt.

SHANGHAI, Apr 16 (SMM) – Social inventories of primary aluminium ingots fell sharply this week, as demand improved.

This week’s decline was much larger than a 69,000 mt decline in the previous week, which was the first week-on-week decline since the Lunar New Year holiday.

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.

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

12 hours ago

Market Trading Atmosphere Remained Sluggish, Market Transaction Prices Declined [SMM Spot Aluminum Midday Review]

12 hours ago

[SMM Flash News] Longyuan Shares Expands Aluminum Alloy Die-Casting Parts Capacity

To further strengthen its presence in the new energy market, Longyuan Shares plans to direct raised funds primarily toward the new energy three electric systems (power battery, drive motor and electronic control system) and lightweight automotive parts production project (Phase II), with a planned investment of 329 million yuan. Upon completion, it will add an annual capacity of 14.2 million aluminum alloy die-casting parts.

12 hours ago

[SMM Flash News] LME Aluminum Ingot Inventory Destocked by 2,350 mt on May 11

On May 11, London Metal Exchange (LME): total inventory 351,000 mt, change -2,350 mt; registered warrants 331,725 mt, change 0 mt; cancelled warrants 19,275 mt, change 2,350 mt.

12 hours ago