Primary aluminium inventories shrank 15,000 mt on week to 669,000 mt

Published: Jan 21, 2021 15:41

Save

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.

SHANGHAI, Jan 21 (SMM) – 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.

Inventory data Primary 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

45 mins ago

Aluminum Alloy ADC12 Market Edges Up, Driven by Rebound in Aluminum Prices

[SMM Daily Review of Aluminum Alloy] Today, the ADC12 market edged up slightly, driven by the rebound in aluminum prices. Some enterprises raised their quotations by 100–200 yuan/mt, while others chose to hold prices temporarily steady and wait due to the pace of yesterday’s price adjustments or weak demand. In terms of transactions, downstream procurement still mainly met rigid demand, the market trading atmosphere showed no obvious improvement, and demand provided insufficient momentum.

45 mins ago

2 hours ago

Cast Aluminum Alloy Inventory Falls 13,900 mt WoW Amid Widening Spot-Futures Spread and Price Cuts

[SMM Flash News] According to SMM data, cast aluminum alloy social inventory fell 13,900 mt WoW this week, with the decline widening further from last week. First, the spot-futures price spread widened, and spot traders accelerated shipments, driving a faster inventory drawdown; second, overall demand did not improve, low-price competition in the market intensified, and enterprises accelerated the pace of inventory digestion by cutting prices to compete for orders.

2 hours ago

3 hours ago

[SMM Analysis] Aluminum Processing Rates Rebound 1.1% MoM, But Lag Behind Previous Years' Peak-Season Levels

This week, the weekly operating rate of leading downstream aluminum processing enterprises in China rebounded 1.1 percentage points MoM to 64%.

3 hours ago