Aluminium Social Inventories Dropped 23,000 mt on Week

Published: Jan 6, 2022 11:13
SMM data showed that China's social inventories of aluminium across eight consumption areas dropped 23,000 mt on the week to 776,000 mt as of January 6.

SHANGHAI, Jan 6 (SMM) - SMM data showed that China's social inventories of aluminium across eight consumption areas dropped 23,000 mt on the week to 776,000 mt as of January 6, mainly contributed by Shanghai, Wuxi, Nanhai and Gongyi. The social inventories dropped 25,000 mt from Monday January 3, mainly because the arrivals at the market dropped. Nonetheless, the arrivals was expected to pick up from next week until mid-January.

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.

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