Aluminium Social Inventories Dropped 52,000 mt on Week

Published: Jan 13, 2022 15:39

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SMM data showed that China's social inventories of aluminium across eight consumption areas dropped 52,000 mt on the week to 724,000 mt as of January 13.

SHANGHAI, Jan 13 (SMM) - SMM data showed that China's social inventories of aluminium across eight consumption areas dropped 52,000 mt on the week to 724,000 mt as of January 13, mainly contributed by Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi. The inventory in Gongyi declined the most. The inventory dropped by 28,000 from Monday January 10 amid less arrivals at warehouses.

The arrivals are expected to rise next week ahead of the Spring Festival.

aluminium inventory

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