SHANGHAI, Jan 2 (SMM) – Social inventories of primary aluminium in China increased this week, SMM data showed, indicating a potential end to the inventory downtrend that began in late March 2019.
Stocks across eight consumption areas in China, including SHFE warrants, increased by 18,000 mt in the week ended January 2 to 610,000 mt, after a decline of 12,000 mt in the previous week.
Henan’s Gongyi primarily contributed to the gains in inventories, where saw stocks rising 19,000 mt this week.
Wuxi, Jiangsu – 184,000 mt
Shanghai – 114,000 mt
Nanhai, Guangdong – 128,000 mt
Gongyi, Henan – 55,000 mt
Hangzhou, Zhejiang – 53,000 mt
Tianjin – 57,000 mt
Linyi, Shandong – 6,000 mt
Chongqing –13,000 mt
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