Primary aluminium inventories rose 4,000 mt over weekend

Published: Jul 20, 2020 11:12

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Social inventories of primary aluminium ingots in China rose over the weekend, growing concerns that the inventory downtrend beginning from late March would end soon.

SHANGHAI, Jul 20 (SMM) – Social inventories of primary aluminium ingots in China rose over the weekend, growing concerns that the inventory downtrend beginning from late March would end soon.

SMM data showed that social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, increased 4,000 mt from last Thursday July 16 to 712,000 mt as of Monday July 20.

Details:

Wuxi, Jiangsu – 219,000 mt, +3,000 mt

Shanghai – 112,000 mt, +6,000 mt

Nanhai, Guangdong – 177,000 mt, +2,000 mt

Gongyi, Henan – 39,000 mt, -3,000 mt

Hangzhou, Zhejiang – 99,000 mt, -1,000 mt

Tianjin – 57,000 mt, -2,000 mt

Linyi, Shandong – 5,000 mt, -1,000 mt

Chongqing – 4,000 mt, 0 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.

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