SHANGHAI, Mar 30 (SMM) – Social inventories of primary aluminium ingots dipped over the weekend, suggesting that the inventories may have reached a peak.
SMM data showed that stocks across eight consumption areas in China, including SHFE warrants, decreased 3,000 mt from last Thursday March 26 to 1.664 million mt as of Monday March 30.
Details:
Wuxi, Jiangsu – 654,000 mt
Shanghai – 164,000 mt
Nanhai, Guangdong – 438,000 mt
Gongyi, Henan – 185,000 mt
Hangzhou, Zhejiang – 140,000 mt
Tianjin – 57,000 mt
Linyi, Shandong – 11,000 mt
Chongqing –15,000 mt
