SHANGHAI, Jan 31 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.378 million mt as of Thursday January 31, up 75,000 mt from Thursday January 24, SMM data showed.
Most downstream consumers began their CNY break, which lowered consumption and grew inventories.
Details:
Wuxi, Jiangsu – 513,000 mt
Shanghai – 299,000 mt
Nanhai, Guangdong – 211,000 mt
Gongyi, Henan – 127,000 mt
Hangzhou, Zhejiang – 131,000 mt
Tianjin – 48,000 mt
Linyi, Shandong – 26,000 mt
Chongqing – 23,000 mt
