Primary aluminium inventories shrink on weekend 

SHANGHAI, Mar 11 (SMM) – Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.74 million mt as of Monday March 11, down 9,000 mt from Thursday March 7, SMM data showed.

This was the first post-CNY decline over weekend as downstream consumers returned. On Monday March 4, inventories increased 11,000 mt from Thursday February 28.

Details:

Wuxi, Jiangsu – 630,000 mt

Shanghai – 310,000 mt

Nanhai, Guangdong – 388,000 mt

Gongyi, Henan – 149,000 mt

Hangzhou, Zhejiang – 141,000 mt

Tianjin – 58,000 mt

Linyi, Shandong – 31,000 mt

Chongqing –33,000 mt