SHANGHAI, Feb 6 (SMM) – Social inventories of primary aluminium in China rose in the first week after the Chinese New Year holiday, as deliveries arrived and as logistics issues deterred cargoes from leaving warehouses.
SMM data showed that social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, increased 61,000 mt from Monday February 3 to 945,000 mt as of Thursday February 6. During the extended CNY holiday, the stocks jumped 194,000 mt.
Details:
Wuxi, Jiangsu – 342,000 mt
Shanghai – 106,000 mt
Nanhai, Guangdong – 208,000 mt
Gongyi, Henan – 108,000 mt
Hangzhou, Zhejiang – 103,000 mt
Tianjin – 58,000 mt
Linyi, Shandong – 9,000 mt
Chongqing –11,000 mt
