Primary aluminium inventories built up 20,000 mt on week

Social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, increased 61,000 mt from last Thursday to 775,000 mt as of February 10.

Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, rose 32,000 mt from the prior week to 714,000 mt as of February 4, the highest since October 15 2020, and stocks in Gongyi and Hangzhou mainly contributed to the increase. 

Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined 15,000 mt from the prior week to 669,000 mt as of January 21. COVID-induced transport restrictions reduced arrivals of cargoes in Wuxi and Nanhai.

Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined 3,000 mt from the prior week to 586,000 mt as of December 24, and Gongyi and Nanhai mainly contributed to the decline.

Primary aluminium ingot inventories in China continued to decline this week, showed SMM data.

Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined 19,000 mt from the prior week to 596,000 mt as of November 26.

Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined 25,000 mt from the prior week to 629,000 mt as of November 12.

Primary aluminium ingot inventories in China rose slightly this week, showed SMM data.

Copper inventories in three major consumption areas in China extended their increases last week, albeit at a slower pace.

Zinc inventories in China continued to fall this week, primarily propelled by a sharp decline in Shanghai where inflows were affected by heavy rain and floods while outflows were supported by dip-purchases by downstream consumers.