Primary aluminium inventories extend gains as demand yet to recover fully 

SHANGHAI, Feb 21 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.67 million mt as of Thursday February 21, the second week after CNY breaks, up 55,000 mt from Thursday February 14, SMM data showed.

Consumption has not resumed completely as of February 21, and this accounted for the expanded inventories. 

In five weeks to Thursday February 21, social stocks of primary aluminium accumulated 408,000 mt. 

Details:

Wuxi, Jiangsu – 630,000 mt

Shanghai – 314,000 mt

Nanhai, Guangdong – 318,000 mt

Gongyi, Henan – 138,000 mt

Hangzhou, Zhejiang – 151,000 mt

Tianjin – 55,000 mt

Linyi, Shandong – 30,000 mt

Chongqing – 36,000 mt