Primary aluminium inventories built up 121,000 mt to 1.02 million mt

Published: Feb 23, 2021 10:42

Save

Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, expanded 121,000 mt from last Thursday February 18 to 1.02 million mt mt as of February 22, and stocks in Wuxi, Nanhai and Gongyi mainly contributed to the increase.

SHANGHAI, Feb 23 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, expanded 121,000 mt from last Thursday February 18 to 1.02 million mt mt as of February 22, and stocks in Wuxi, Nanhai and Gongyi mainly contributed to the increase.

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 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

50 mins ago

China's Secondary Aluminum Ingot Inventory Down 246 mt to 12,701 mt in Key Consumption Areas

[SMM Aluminum Flash] China's social inventory of secondary aluminum ingots in the three major consumption areas stood at 12,701 mt today, down 246 mt from the previous trading day.

50 mins ago

1 hour ago

US Treasury yields continue to hit new highs, hawkish US Fed expectations drag aluminum prices down [SMM Aluminum Morning Meeting Summary]

[US Treasury yields continue to hit new highs as hawkish Fed expectations weigh on aluminum price rise] Overall, with China's continued destocking in fundamentals combined with recovering demand in the peak season, there is still strong support below, and aluminum prices are expected to continue to consolidate at highs.

1 hour ago

Ex-China prices decline, import losses persist [SMM cast aluminum alloy morning comment]

[SMM cast aluminum alloy morning comment: Offers outside China moved down, import losses continued] Overnight, the most-traded AD2611 cast aluminum alloy contract opened at 23,335 yuan/mt, shot up to 23,385 yuan/mt after the open before bulls lost momentum, then pulled back step by step, dipped to a low of 23,210 yuan/mt during the session, and consolidated to recover near the close, settling at 23,275 yuan/mt...

1 hour ago