Aluminium Social Inventories Rose 31,000 mt on Week

Published: Nov 4, 2021 14:29
SMM data showed that China's social inventories of aluminium across eight consumption areas rose 31,000 mt on the week to 1.01 million mt as of November 4.

SHANGHAI, Nov 4 (SMM) - SMM data showed that China's social inventories of aluminium across eight consumption areas rose 31,000 mt on the week to 1.01 million mt as of November 4, mainly because more arrivals in Wuxi and Shanghai have led to rising local inventories. While the inventory in Nanhai fell slightly on the week due to less arrivals from a week ago, and the shipments have also picked up.

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
SMM Chinese New Year Holiday Price Update Notice
6 hours ago
SMM Chinese New Year Holiday Price Update Notice
Read More
SMM Chinese New Year Holiday Price Update Notice
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.
6 hours ago
SMM Analysis: Jan Aluminum Billet Output Slumps, Feb Production to Hit 4-Year Low
15 hours ago
SMM Analysis: Jan Aluminum Billet Output Slumps, Feb Production to Hit 4-Year Low
Read More
SMM Analysis: Jan Aluminum Billet Output Slumps, Feb Production to Hit 4-Year Low
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...
15 hours ago
Novelis Reports Q3 Results: Oswego Fire Reduces Shipments, Impacts Earnings
16 hours ago
Novelis Reports Q3 Results: Oswego Fire Reduces Shipments, Impacts Earnings
Read More
Novelis Reports Q3 Results: Oswego Fire Reduces Shipments, Impacts Earnings
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.
16 hours ago
Aluminium Social Inventories Rose 31,000 mt on Week - Shanghai Metals Market (SMM)