SHANGHAI, Jan 23 (SMM) – Aluminium inventories in China jumped in the last week ahead of the Chinese New Year holiday, lifted by greater arrivals and muted consumption.
SMM data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased 60,000 mt in the week ended January 23 to 690,000 mt, triple the 20,000 mt increase seen last week.
Details:
Wuxi, Jiangsu – 236,000 mt
Shanghai – 103,000 mt
Nanhai, Guangdong – 152,000 mt
Gongyi, Henan – 49,000 mt
Hangzhou, Zhejiang – 75,000 mt
Tianjin – 58,000 mt
Linyi, Shandong – 6,000 mt
Chongqing –11,000 mt
