Primary Aluminium Inventories Rose 2,000 mt on Week

Published: Aug 19, 2021 15:34

Save

SMM data showed that China's social inventories of aluminium across eight consumption areas increased 2,000 mt on the week to 741,000 mt as of August 19.

SHANGHAI, Aug 19 (SMM) - SMM data showed that China's social inventories of aluminium across eight consumption areas increased 2,000 mt on the week to 741,000 mt as of August 19.

The inventory increase mainly came from Gongyi. The inventories in Wuxi kept falling due to the lower arrivals.

aluminium inventory

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

2 hours ago

SMM Chinese New Year Holiday Price Update Notice

As the Chinese New Year holiday is around the corner, Shanghai Metals Market (SMM) hereby informs you of our metal price update arrangement during the holiday period to ensure you can make proper arrangements for your work and business.

2 hours ago

12 hours ago

SMM Analysis: Jan Aluminum Billet Output Slumps, Feb Production to Hit 4-Year Low

[SMM Analysis: Primary Aluminum Billets Operation in January Weaker Than Expectations, February Production May Hit a Nearly Four-Year Low] Domestic primary aluminum billets operation in January performed weaker than expectations. According to SMM data...

12 hours ago

Novelis Reports Q3 Results: Oswego Fire Reduces Shipments, Impacts Earnings

Novelis recently released its fiscal 2026 Q3 results, highlighting the impact of the fire at its Oswego plant. The production disruption at the Oswego plant is expected to reduce shipments by 72,000 mt. This resulted in a pre-tax negative impact of $54 million on adjusted EBITDA and net loss. The net loss was further affected by a pre-tax loss of $327 million related to the fire. Despite the decline in paired volume, net sales increased 3% YoY to $4.2 billion, primarily driven by higher average aluminum prices.

12 hours ago