Primary aluminium inventories fell 60,000 mt over weekend

Published: Apr 20, 2020 12:40

Save

SMM data showed that stocks across eight consumption areas in China, including SHFE warrants, decreased 60,000 mt from last Thursday April 16 to 1.435 million mt as of Monday April 20.

SHANGHAI, Apr 20 (SMM) – Social inventories of primary aluminium ingots continued to decline over the weekend, as demand remained strong.

SMM data showed that stocks across eight consumption areas in China, including SHFE warrants, decreased 60,000 mt from last Thursday April 16 to 1.435 million mt as of Monday April 20.

Details:

Wuxi, Jiangsu – 604,000 mt

Shanghai – 171,000 mt

Nanhai, Guangdong – 306,000 mt

Gongyi, Henan – 133,000 mt

Hangzhou, Zhejiang – 141,000 mt

Tianjin – 57,000 mt

Linyi, Shandong – 10,000 mt

Chongqing –13,000 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.

For any inquiries or for 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

35 mins ago

China's Secondary Aluminum Alloy Ingot Inventory Down 30 mt to 7,590 mt

[SMM Aluminum Flash] China's daily inventory of secondary aluminum alloy ingot in major consumption areas was 7,590 mt today, down 30 mt from the previous trading day.

35 mins ago

49 mins ago

Cast Aluminum Consolidates at Highs, ADC12 in Tug-of-War Between Longs and Shorts with Narrow Movements [SMM Cast Aluminum Alloy Morning Comment]

[SMM Morning Comment on Cast Aluminum Alloy: Cast Aluminum Consolidates at Highs, ADC12 Moves Sideways Amid Tug-of-War between Longs and Shorts] In the short term, ADC12 prices still face some downward pressure, but cost support remains, and prices are expected to mainly move sideways.

49 mins ago

1 hour ago

Aluminum Inventory Buildup Combined with Forward Capacity Commissioning, Geopolitical Premium Supports Aluminum Price with Limited Rebound Space [SMM Aluminum Morning Meeting Minutes]

[Aluminum Inventory Buildup and Long-Term Capacity Commissioning; Geopolitical Premium Underpins Aluminum Price Rebound with Limited Room] Overall, the macro front has improved recently. The marginal constraint on the non-ferrous metals sector from expectations for US Fed interest rate hikes staying put has weakened. The proportion of liquid aluminum in China has continued to rise, and the geopolitical risk premium in the Middle East persists. These factors have jointly underpinned aluminum prices, and short-term market confidence has recovered somewhat. However, long-term aluminum capacity continues to come online outside China, traditional end-use demand in China remains weak during the traditional off-season, coupled with fluctuating expectations for US Fed interest rate hikes outside China and ongoing uncertainties in the Middle East geopolitical situation. Aluminum prices are expected to consolidate on a strong note, but upside resistance remains.

1 hour ago